wills and trusts
Legacy planning documents
Wills and trusts are legal instruments for transferring assets after death or managing them during life.
A will specifies how property should be distributed when someone dies.
A trust places assets under a trustee's control for beneficiaries, often avoiding probate or reducing taxes.
The phrase names a specialty area of law: She practices wills and trusts at a downtown firm.
- asset protectionSecuring owned resources legally
- probate courtForum for inheritance disputes
- inheritanceProperty received from ancestors
- tax planningStrategies minimizing owed levies
- power of attorneyLegal authority for another's decisions
deed · estate · estate settlement · settlor · beneficiary · letters testamentary · estate attorney · fiduciary · codicil · heir · advance directive · wealth transfer · charitable giving · executor · legacy · testament · guardian · digital assets