A Trust can transfer property out of your direct ownership so that it is not part of your estate at your death. This can allow assets to not be “countable” for estate tax purposes
, but allows transfer to the person, or persons, you intend to benefit from the asset.
A Will directs your representative to give certain things to certain people and allows you to choose alternate recipients in case the primary beneficiaries do not survive your death.
Probating an Estate
is required when the asset is held by the deceased in his or her name only and the Court has to authorize the transfer of the asset to the correct individual. The Court is guided by the Will, if there is one, or the rules relating to transfer of ownership when the owner dies without a will.
John and Ann have developed a close network of other lawyers and professionals
who can provide assistance in those specialized areas where they do not practice.