A will is the most basic estate planning tool, and a current and valid will is the best way to make sure your goals are met and your family is taken care of after you're gone. Wills tell a person's family or heirs - and the courts - how that person wanted to distribute his or her money and property. If you have minor children a will dictates who you would want to care for them in case of your demise.
Many people opt for a trust as part of a will, or as an estate planning method of its own. A trust sets up a means to control property that is put under its authority. The person who makes and funds the trust uses the trust document to specify how the trust assets should be managed and who should receive benefits. Whether you want to prepare your first will or you are interested in updating your estate plan or exploring trusts, Steinbacher, Goodall & Yurchak, can help you tailor a plan to your needs.
Contact Steinbacher, Goodall & Yurchak today at (800)351-8334 to ask any questions about elder law, estate planning or estate administration.