Wills, Trusts and Probate
Cases involving probate, wills, living trusts, trusts, estate planning and administration.
Probate is the court-supervised legal process of locating, assessing and transferring a deceased person’s assets, paying the deceased’s financial obligations and then distributing whatever is left over to the deceased’s heirs. As a result, probate can be a long and expensive process, taking months and sometimes years, while chipping away at the value of the estate. Because of this many people give strong consideration to estate planning options that avoid probate.
Probate also involves situations that require the appointment of guardians and conservators for children and those with a disability.
Whether or not you have children or whether you are wealthy with numerous assets or you live modestly, a will is an important document to determine what will happen when you pass. A will defines your heirs, prevents tragically unexpected outcomes with minor children in a worst-case scenario, and can avoid unnecessary hassle, expense and feuding.
A trust is an estate-planning tool that can be used in place of or alongside a will, or even to manage property during life. A trust manages a person’s property by assigning its benefits and obligations to others.
Foreman Watson Holtrey, LLP has extensive experience in writing wills, establishing living trusts and testamentary trusts, and advising in other legal matters of estate planning. Contact our experienced attorneys for a free consultation today.