What is a Will?

​

A legal document that is effective at your death. This document will name your executor. It also permits you to name a guardian for your children.

​

Two key reasons for having a will:

​

1) Minor Children: If you have young children, legal guardianship is named in a will, not a trust. What’s more, if you don’t name a guardian for your children, a probate court will decide for you.

​

2) Other Property: After establishing your trust, you may forget to retitle future assets, like a new boat.

 

A WILL DOES NOT AVOID PROBATE

​

A will would be admitted to probate after your passing. The process is time-consuming,

and heirs would not receive their inheritances until the probate process is completed.