In this day and age, making a will is crucial as it ensures that your assets are distributed following your wishes after you pass away. However, you can’t trust your properties and entire patrimony in anyone’s hands.
That’s where Seda Law Firm comes in; a trustworthy will & trust estate law firm with many years of experience. Learn about the definitions of will & trust, their main differences, and how Mr. Seda’s law firm can assist you in this important process. Let’s take a look.
Will & Trust: Are They The Same Thing?
When it comes to estate planning in Oklahoma, wills and trusts are two terms you hear often. But what is the difference between them?
A Will
It’s a legal document explaining how you wish your assets to be distributed after death. It can also name guardians for minor children or dependent adults and executors who will administer the estate. Wills are public documents that anyone can view.
A Trust
It’s an arrangement under which a third party, called a trustee, holds assets on behalf of one or more beneficiaries. Trusts can be used to manage assets during a person’s lifetime and provide for the distribution of those assets after death.
Unlike wills, trusts are not public documents, so only the person who created them and their beneficiaries can view them.
How Wills & Trusts Are Related To Estate Planning
While both wills and trusts are estate planning tools, they serve different purposes. Wills are used to distribute assets after death. In contrast, trusts manage those assets during a person’s lifetime and provide for their distribution at death. Additionally, trusts can offer certain tax advantages that wills do not.
It’s important to understand the differences between these two tools when preparing your estate plan. Consulting with an experienced will & trust estate attorney like Roberto Seda can help ensure that your wishes are fulfilled, and your assets are managed properly.
Trust Your Legacy In Reliable Hands
If you are looking for a trusted and experienced will & trust estate planning law firm to help you make a will or create a trust, then look no further than Seda Law Firm led by Roberto Seda.
Not only does Seda Law Firm have the legal background and expertise, but we also take the time to get to know each client personally so that they can provide personalized service tailored specifically to their needs.
Whether you’re looking for assistance with setting up a trust or writing a will, you can trust your legacy in the knowledgeable hands of Mr. Seda at his law firm in Oklahoma City, OK. Don’t hesitate to contact us today for personalized attention from an experienced attorney dedicated to helping you protect what matters most!
