I just had a client come into my office to sort through their mother’s estate. The mother had a will, but her estate is a mess. Why is this? A will is just not enough, but unfortunately it is all most people have. And by most people, I mean the people that have anything at all. I would say that 2 out of 10 people I talk to have a will, and the other eight have nothing at all.
What you should have is a trust. A trust or a series of trusts is the way to go. Once established, a trust is more easily maintained, and it keeps the lawyers out of it at death. A will only serves to get attorneys back involved. A trust is a little more expensive now, but it will pay off big down the road. Â Get your estate plan done ASAP. Oh, and get a trust.
