Wills & Trusts

As the COVID-19 pandemic continues to wage war on the American economy, small businesses are feeling the effects. Many business owners are left wondering about the future of their companies. But with so much else going on, they often fail to proactively plan for the future. Now is a great time to do so. Even after navigating through the era of coronavirus, if small business owners fail to establish an estate plan, some day when they die, the business will simply die with them.
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A Will is a legal document that is a valuable tool in comprehensive estate planning. A Will enables you to share what you want to happen to your assets, among other things, after you pass away. That’s why it is always a good idea to review your Will with an experienced estate planning and probate attorney on a regular basis.

When heirs wait on an estate to move through the probate process after a loved one passes, it can be both expensive and time-consuming. In order to avoid this, a living trust is often created.

A living trust is an estate-planning tool, a legal document that allows you to grant the ownership of your various assets to your beneficiaries of choice. A trustee will be appointed, who will oversee the management of your assets for your beneficiaries.