Wills and Trusts
The Value of Wills and Trusts
Both wills and trusts can be used to instruct how one's assets should be distributed after death. So what is the difference? One of the most important differences is that the instructions you leave in a will typically must be "approved" by a judge before they can be carried out - a court process known as probate. The instructions you leave in a trust document generally do not need any judicial involvement or oversight in order to be carried out. This also means that the use of a trust will usually maintain family privacy where a will and any other document (like asset inventories or distribution lists) that may be filed in a probate matter are public records.
So, which one is right for you? That question is nearly impossible to answer without sitting down and discussing your situation and your goals with a qualified attorney. At Kootenai Law Group, we would be happy to schedule a free, no obligation initial meeting with you to discuss these matters.
Plan Ahead for Life’s Changes with Confidence
At Kootenai Law Group, we help Idaho families take control of their future through thoughtful estate planning. By preparing essential documents such as Wills, Trusts, and Powers of Attorney, our clients gain peace of mind knowing their wishes will be followed, and loved ones will be cared for — no matter what life brings.
What can seniors do to address these concerns? The answer lies in the old adage: "A failure to plan is a plan to fail." Seniors wishing to reduce the chances of becoming a burden or losing their independence can do a lot to protect against these outcomes. Using Estate Planning to achieve Independence Protection should be discussed with a trusted and competent lawyer sooner rather than later. Unfortunately, many seniors do not realize that the time to lay the foundation for prolonged independence is now, not tomorrow. In a world where anything can happen, procrastination can hurt you.
Will and Trust Planning Services at Kootenai Law Group
By working with experienced estate planning attorneys like those at Kootenai Law Group, you’ll have peace of mind knowing that your Will and trust is set up correctly to meet your needs, both now and in the future.