The short answer is, to avoid probate and excessive paperwork for your heirs. If you have a will there may still be items of property that you have that will not automatically transfer to your heirs. Cars are a common item as are bank accounts, stocks that are not in an IRA basically anything without … Continue reading If I have a will, why would I need a trust?
The short answer is money and control. If you die without at least a will, if not a will and a trust you will have no control over how your assets are distributed. For example, married couples may assume that their spouse will inherit everything. However, if you die "intestate" or without any directions, under … Continue reading Why do I need estate planning?