People live their lives gaining money and items along the way, and the best way to protect what one has earned is to ensure that the items pass to the right person upon someone’s passing. Wills have been used for centuries to guarantee that the rightful heirs to estates collect what belongs to them upon the passing of a loved one. Many people though do not have them in place and risk losing assets and property when they pass to probate courts and other entities looking to collect money. A law firm that handles Living Wills And Trusts Las Vegas NV will help people protect their assets and property from creditors and anyone else looking to deplete person’s estate upon death.
Having a living will or trust established can eliminate an individual’s estate and finances from going through probate courts and give their surviving family members control of any property or monies. A trust helps to keep the financial aspects of a person’s wealth in their control and can be transferred to a competent party in the event the person should become incapable of making sound decisions. An attorney who handles Living Wills And Trusts in Las Vegas NV can word a trust to help with tax savings, and in some cases allow the trust to be used as a power of attorney. Setting up a trust can be a little pricier than a basic will but the benefits of keeping assets out of the hands of a probate court do outway the cost.
For people who have possessions and property but do not own stocks, or investments a living will is the option of choice. A living will offer the same security of avoiding the probate courts taking control of a person’s assets upon their passing, courts will also assign an attorney to estates for those who have no set instructions as to how an estate should be handled. Wills help to establish a person’s last wishes as far as minor children and who is to inherit property and assets outright. Grant Morris Dodds will assist clients in which option is the best for protecting their futures and legacy. They can walk clients through all the details of wills and living trusts and assist in any changes that need to be made to existing documents. For more information click here, to see all the services offered by their firm.
