Monday, November 5, 2007

Trying to decide on a trust or a Will?

The Utah Business, Real Estate & Estate Planning blog has a post that does a very good job explaining how to use these tools. See SHOULD YOU HAVE A WILL OR TRUST?.

I do not generally recommend a trust without having the assets for funding one.

I treat Wills differently because of two reasons. First, without anything to fund, the amount of assets do not matter. Second, I have two many clients without assets but with minor children and a Will can establish a guardianship (something a trust cannot do).

If you are an Indiana resident needing an attorney for a Will or trust, feel free to contact me.