What is a Will & Trust?
A Will & Trust is a crucial estate planning tool designed to protect your wealth, ensure your wishes are carried out, and provide financial security for your loved ones. While a will outlines how your assets should be distributed after your passing, a trust allows for efficient asset management and protection, potentially avoiding probate and reducing estate taxes.
At Tes Financial Services, we specialize in helping individuals and families create tailored estate plans with wills and trusts. We work with top-rated estate planning professionals across the USA to provide customized solutions that safeguard your assets and ensure a seamless wealth transfer to future generations.
Different Types of Wills & Trusts We Offer
Last Will & Testament
A legally binding document that specifies how your assets will be distributed upon your passing. It allows you to appoint an executor and designate guardians for minor children.
Living Trust
A flexible legal entity that holds your assets during your lifetime and transfers them to your beneficiaries without the need for probate, ensuring a smoother transition of wealth.
Revocable Trust
A trust that can be modified or revoked during your lifetime, offering control over your assets while providing privacy and probate avoidance
Benefits of a Will & Trust
Avoid Probate
A properly structured trust allows your heirs to bypass the lengthy and costly probate process, ensuring a quicker transfer of assets.
Protect Your Loved Ones
A will and trust ensure your assets are distributed according to your wishes, protecting your family’s financial future.
Minimize Estate Taxes
Trusts can help reduce estate taxes, allowing you to preserve more of your wealth for your beneficiaries.
Ensure Privacy
Unlike a will, which becomes a public record during probate, a trust keeps your financial matters private.
Provide for Minor Children, Pets & Dependents
A trust can hold and manage assets for minors, pets, or dependents until they reach a specified age, ensuring their financial stability
Avoid Family Disputes
A well-structured estate plan can help prevent conflicts among heirs by clearly outlining asset distribution
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frequently asked questions
What happens if I die without a will or trust?
If you pass away without a will or trust, state laws determine how your assets are distributed, which may not align with your wishes.
What is the difference between a will and a trust?
A will dictates asset distribution upon death and goes through probate, while a trust can hold and manage assets during your lifetime and transfer them without probate.
Do I need a lawyer to create a will or trust?
While DIY options exist, consulting an estate planning professional ensures your documents are legally sound and align with your goals.
Can I update my will or trust?
How does a trust help avoid probate?
Is a living trust only for the wealthy?
No! A living trust benefits anyone looking to simplify asset transfers, protect privacy, and ensure financial security for their loved ones.