Why not just a will?
Why not just a will? Did you know that your heirs could encounter legal hassles … even if you have a will? Basically, a will tells the world what you’d like to have happen, but proper estate planning is what provides the tools to make those things happen. While your will may state who your beneficiaries are, those beneficiaries may still have to seek a court order to have assets transferred from your name to theirs. Until the Probate court enters an Order in the case, those assets won’t lawfully belong to them. Estate planning can include techniques such as properly prepared and funded trusts, which could help your heirs to avoid Probate.