Wills And Trust Lawyers
Wills and trusts help ensure your assets are distributed according to your wishes. When navigating the complexities of wills and trusts, working with an estate planning attorney can help avoid potential pitfalls and ensure your documents are legally sound.
At Miller & Miller Attorneys at Law PLLC, our Pennsylvania attorneys believe it is not just about providing a solution but offering the most suitable solution for your needs. Serving clients in the Pittsburgh area, we are a legacy of trusted legal service. We can help ensure you have an individualized approach when creating wills and trusts.
Why You Need A Will And Possibly Also A Trust
A will is a legal document that outlines how you want your assets distributed after your death. It allows you to designate beneficiaries and appoint guardians for minor children.
However, a will alone might not be sufficient, especially for larger estates or more complex situations. Trusts offer more control over how and when your assets are distributed, potentially reducing estate taxes and avoiding probate.
Types Of Trusts
There are several types of trusts, each serving a different purpose. A few include:
- A living trust: It allows you to manage your assets during your lifetime and easily transfer them upon your death.
- Special needs trusts: These are designed to provide for a loved one with disabilities without affecting their eligibility for government benefits.
- Charitable trusts: They enable you to support a cause while also enjoying tax benefits.
Trusts can be revocable, meaning they can be changed or revoked during your lifetime, or irrevocable, meaning they cannot be altered once established.
Integrating Wills And Trusts Into Your Overall Estate Plan
Wills and trusts are essential parts of a broader estate plan. An effective estate plan considers your current financial situation, future goals and the needs of your beneficiaries.
By coordinating your will and trusts, you can ensure a smooth transition of your assets, minimize taxes and protect your loved ones.
Contact Us
Work with Miller & Miller Attorneys at Law PLLC to create a comprehensive will and trust to protect your assets. Call 412-487-6661 or contact us online today to schedule a consultation with our Allison Park estate planning lawyers.