We can help with all your estate planning needs.
When planning for the future care of your loved ones and the distribution of your assets, both wills and trusts play an important role. While both these documents serve different purposes, both are essential estate planning tools. We can help you create both wills and trusts at our law firm, and we are here to make sure that the estate planning process goes smoothly from start to finish.
At Johnson DuRant, LLC, we want to make sure that all of our clients understand the differences between wills and trusts and the importance of these documents. A will is a legal document that lets you outline how you want to distribute your assets upon your death. This document also allows you to designate guardians for any children who are minors.
In comparison, trusts are legal arrangements where a trustee holds and manages assets for the benefit of beneficiaries. Trusts can be either revocable or irrevocable. A revocable trust, or a living trust, allows the grantor to maintain control over the assets and modify its terms. An irrevocable trust, once established, cannot be altered, and it often provides tax benefits and asset protection.
If you need help with the estate planning process and you live in the Clarendon County, South Carolina area, we are here to help you with all facets of your estate plan. Contact our law firm today to learn more about wills and trusts and to schedule your initial consultation.