Welcome back! Our estate attorney in Raleigh NC is back to help you understand the importance differences in Living Wills and Living Trusts. In our last post, we talked in detail about a Living Will and just touched base on the definition of a Living Trust.
Basically, a Living Will is designed to make sure an individual is able to answer any type of questions that deal with life ending situations and whether or not they want to endure life sustaining procedures, in the event that they become critically incapacitated.
Today, our estate attorney in Raleigh NC is going to focus more on Living Trusts. As always, feel free to contact our attorney if you have any questions about Living Trusts or estate planning, in general, at any point during our blog post.
Living Trust | Estate Attorney Raleigh NC
A Living Trust is a legal document formed by an individual, to hold and own all assets, so that when the time comes, those assets can be invested or spent for the benefit of the named beneficiary.
In simpler terms, a Living Trust is designed to cover your wishes during all phases of life; living and well, living and unwell, as well as after death. A Living Will, however, is designed only to cover your wishes when you are incapacitated or near death.
Our estate attorney in Raleigh NC understands that these things might still be confusing for you. It’s important that you understand the difference in the two, and make sure that you have incorporated a Living Will and Living Trust into your current estate plan. Contact Eldreth Law Firm, PC to make an appointment today, to meet with us for all your estate planning needs.
As always, feel free to contact us with any questions or concerns you may have about estate planning. Also contact our estate attorney in Raleigh NC to schedule a consultation if you have yet to start estate planning. It's never too early to make plans for your wishes upon death. In addition, our lawyer in Raleigh NC is here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.