Secure Your Legacy: The Importance of Having a Last Will and Testament
As we go through the busyness of life, it's easy to push important things like estate planning to the back burner. However, elder law attorney Greg McIntyre reminds us that having a last will and testament is crucial when it comes to passing on our assets and ensuring they end up in the right
hands.
A will is a straightforward way to appoint an executor who can control the passage of assets under the watchful eye of the court in the probate process. It also allows us to direct our assets to loved ones, charities, or a combination of both. But did you know that wills can also contain testamentary
trusts? These trusts hold assets to give out over time, ensuring that our loved ones are taken care of for years to come.
McIntyre also answers the question of whether a will is necessary if a trust is already in place. While a trust is a great way to pass on assets, a will can act as
a "cleanup crew" to ensure all assets are properly transferred to the trust.
So don't wait until it's too late to plan for the future. Come to Copeland McIntyre Elder Law for help with all your elder care planning needs. And remember, having a last will and testament is an essential part of
that planning process.
