A will is a legal document that directs the distribution of assets after a person’s death. A will may also be used to establish guardianship for minor children. When a person dies without a will (i.e. intestate) in the United States, their assets are distributed to heirs according to applicable state statutes.
Living Will
A living will is a legal document that directs health care decisions and establishes preferences in the event the creator of the living will is incapacitated. A living will may also be used to identify a health care surrogate authorized to make medical related decisions in the event of incapacity.
Living Trust
A living trust is a legal entity created by an individual to hold and own his/her assets. Once property is transferred into a trust, the property is typically invested and spent for the care of the beneficiary, who is typically the trust-maker the person who created the trust at least during their lifetime.
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Estates Made Easy is a legal document preparation website and attorney referral resource. Recognizing the tremendous need for affordable and accessible estate planning resources, we have leveraged technology and legal insights to bring state-specific wills, trusts, and other wealth preservation documents to your finger tips. Wealth preservation and protection are not just for the wealthy. Whether you want to build your legacy using our quick and easy questionnaire and forms or you prefer to work with a member of our attorney network, we have the resources and tools to make the process simple.
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Many families miss the opportunity to build or preserve wealth by failing to develop an estate plan. The common misconception is that estate plans are only for the rich. The reality is, an estate plan is a tool to build and protect your legacy. Middle class families, perhaps more than any, can benefit tremendously by planning to transfer property and assets; reduce tax liability; and provide for the care of minor or aging family members.
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