Wills, Trusts & Estates

Wills, Trusts, and Estates law is a branch of law that deals with the distribution of a person’s assets and property after their death. It involves the creation of legal documents, such as wills and trusts, to ensure that a person’s assets are distributed according to their wishes.

A will is a legal document that outlines how a person’s assets should be distributed after their death. It can also include instructions for the care of minor children, the appointment of an executor to manage the distribution of assets, and other important matters.

A trust is a legal arrangement in which a person, called the trustee, holds and manages assets on behalf of another person, called the beneficiary. Trusts can be set up during a person’s lifetime or as part of their will, and can be used to manage assets for the benefit of minors, individuals with disabilities, or other beneficiaries.

Estate law involves the legal issues that arise when a person dies, such as probate, the process by which a will is validated and assets are distributed to beneficiaries. Estate law also covers the taxation of assets, the appointment of guardians for minors or adults with disabilities, and other related matters.

Overall, wills, trusts, and estates law is focused on ensuring that a person’s wishes are carried out after their death, and that their assets are distributed in a way that is fair and equitable.