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What is the purpose of a Will or Trust?

What is the purpose of a Will or Trust?

A Will or Trust is a legal document which provides for the unique needs of your loved ones. A Will or Trust allows you to leave property to the beneficiaries you desire. In addition, your Will may designate the individuals who will care for minor children. You may also set up a Trust for your children. The Trust provisions are included in the Will and state the reasons for which your children may receive distributions, such as for education and health care. A well-drafted Will or Trust by estate planning attorneys like Badeaux & Associates should avoid many of the costs and delays that may arise from dying without a Will.