We need your help!
Do you want your friends and family to receive the same great service and legal advice you did? Outstanding legal service and advice is hard to find, but you have an opportunity to help spread the word to the Chippewa Valley about our firm.
Volume One’s Best of the Chippewa Valley voting will begin soon, and we want you to help us continue to be named one of the “Best Law Firms: Wills, Trusts & Estates.” Next month, we will send a special email with information on how you can vote for us.
Thank you in advance for your vote!
The great debate: Do I need a Will or Trust?
Simple answer: it depends. Your plans and wishes related to how you want to leave your legacy should dictate whether you need a Will or a Trust. Unfortunately, there are attorneys who only prescribe one or the other. We believe there is no one-size-fits-all when it comes to your legacy.
Here’s a helpful chart that summarizes some of the differences between a Will and Trust. Please contact our office to schedule a consultation to discuss your particular situation to help you determine whether a Will or Trust is right for you.
| |
Will |
Trust |
| Requires Probate |
Yes
You must go through Probate
|
No |
| Can be kept private |
No
Your Will must be filed with the Register in Probate |
Yes
You have complete control over the privacy of your trust
|
| Customize my wishes |
Both provide your personal instructions for how you want your legacy to pass |
| Requires payment to the court (i.e., an inventory filing fee) |
Yes
Currently $2 for each $1,000 of value
|
No |
| Can incorporate trust for children and grandchildren |
Yes
But you still must go through Probate
|
Yes |
| Can help with estate tax planning, if needed |
Yes, but within Probate |
Yes |
| Requires after-death administration |
Yes
Plus the added responsibilities of Probate
|
Yes
Without any added responsibilities.
|
