The Difference Between a Will and a Trust

Create a Will or Trust with our Experienced Rossford Attorneys

At Heban, Murphree & Lewandowski, LLC, we provide legal counsel to those wanting to protect their family as well as their property. If you are interested in doing so, we can help you get started by drafting a will or by creating a trust. It is important to understand the similarities and differences of the two, as people tend to mix the terminology together. By providing you with a simple explanation of a will and trust, we are committed to breaking the legal barriers between you and creating the document most suitable for you. With over 150 years of combined experience, we have come to an understanding that everyone's needs are unique. At our Rossford firm, we will reflect these individual needs in the will or trust created for you.

The Components of a Will

A will, also referred to as a last will and testament, is important when it comes to protecting your family and property. Within a will, you are able to appoint a guardian for your minor children, appoint someone to hold certain property for your minor children, specify how you want your property distributed, and appoint an executor to manage your affairs. You are not required to appoint an executor, however if you do not, the probate court then has the authority to appoint someone to carry out your affairs for you. We will help you create a water-tight will in order to avoid will contests within the probate court. Our Toledo probate firm will then make the will official by having you and two other witnesses sign the document in front of each other.

The Components of a Trust

If you are interested in creating a trust with one of our attorneys, it would be referred to as a living trust. It is called a living trust simply because you would be creating this trust when you are alive. A trust is known as an arrangement in which you (the settlor) appoint an individual (the trustee) to hold the assets for the benefit of another. It is important to know that you must individually transfer each asset into the trust. If it is not transferred over, it then gets placed under the terms of your will. Having a trust can be beneficial in which the process does not have to go through the probate court. This can save money and time for your loved ones once you pass away. As compared to the public manner of a will, a trust remains a private matter.

Looking for legal assistance in Toledo? Create a will or trust with HML that best fits your legal needs!

Our well-qualified probate attorneys are dedicated to guiding you through the legal processes involved in creating a will or trust. Now is the time to get started in the path towards protecting your loved ones and the property you have worked so hard for. At Heban, Murphree & Lewandowski, LLC we will provide you with a simple understanding of what a will and trust entail in order to create the document that is most suitable towards your legal needs. Our law firm wants to provide you with a peace of mind in knowing that your loved ones and property will be well protected under any event that may come. 

Contact our Rossford probate firm to create a will or trust that best reflects your legal needs.