Estate Planning Attorney Wilmington, MA

A will and trust ensure your final wishes are carried out after your death. Nobody likes to think about when we die but, if we don’t, our families suffer from not only their loss but the added stress from sorting out inheritance confusion and possibly incurring legal costs. This makes our death even more difficult for our loved ones.

What is the difference between a will and a trust?

A will and trust are both legal contracts. A will outlines how you would like your affairs handled when you pass. A trust protects your assets by naming a trustee to handle your affairs while you are alive and after your death.

Benefits of a Will

• Having a streamlined outline and process to help your loved ones execute your wishes 
• Protect inheritance for heirs of your estate and disinherit people as well 
• Allocate money for charities/assets for trusts 
• Plan accordingly in case of incapacitation or physical deterioration 
• Prepare burial costs and instructions 

Benefits of a Trust  

A  trust is a legal contract with a named trustee who ensures your assets are managed according to your wishes both during your lifetime and after your death. 

• Enforce asset distribution according to the wishes of the trustor 
• Avoid probate 
• Reduce taxes and court costs 
• Protects your privacy  
• Avoid a court-appointed conservatorship for your affairs  

Planning and sorting your assets now through estate planning will guarantee a smooth transition so your family can focus on grieving.

What is the difference between a revocable trust and a irrevocable trust?

There are many different types of trusts but generally they fall in to two categories: revocable and irrevocable.

A revocable trust is often referred to as a living trust. It is more flexible and can be changed at any time by the owner.

Irrevocable trust is less flexible and generally cannot be altered once it is signed, witnessed, and notarized.

What is right for you? Contact Priority Law to discuss your estate planning needs.

How much does a will and trust cost?

At Priority Law, we want to make the process of estate planning as painless and convenient as possible. That’s why we provide transparent pricing for our estate planning services. After our initial consult, we will make recommendations that meet your needs to establish your estate plan and you will know exactly how much it will cost.

Contact us for a complimentary consultation. The will and trust attorneys at Priority Law will listen to your needs and concerns to offer the best recommendations for your situation.