Wills and trusts are legal documents that direct the distribution or management of your assets upon your passing. Even if there may be many years before your passing, it’s always best to prepare estate planning documents like these early on so that you’re prepared for unfavorable circumstances and to ease the potential burden on your loved ones. Here are a few ways you will want to prepare before creating wills and trusts:
- Find an attorney. The first thing you will want to do in preparation for creating wills and trusts is find the right attorney to help draft and finalize these legal documents. We at Johnson DuRant, LLC offer compassion, diligence, knowledge, and any assistance you may need with your estate planning documents.
- Take account of your assets. You will want to take a careful account of every asset you own that you will want to pass down to the next generation or leave to other loved ones and beneficiaries.
- Make a list of beneficiaries. You will also want to make a list of beneficiaries, or those who will receive your assets upon your passing. This might include loved ones, charities, and others that you would like to give your assets to at the end of your life.
Once you have made the necessary arrangements and preparations for the creation of your will and trust, you will want to have them drafted by your attorney right away to be thoroughly prepared for your future. It’s also important to note that you may want to review wills and trusts every few years to make any necessary updates. If you’d like more information about creating wills and trusts, please don’t hesitate to reach out to us today.