What Does a Will Do?

Wills can be of various degrees of complexity and can be utilized to achieve a wide variety of family and tax objectives:

• If a will provides for the outright distribution of assets, it is often characterized as a simple will.
• If a will establishes one or more trusts, it is often characterized as a testamentary trust will.

Alternatively, the will may leave probate assets to a preexisting living trust, where it is characterized as a pour-over will. Aside from providing for the intended disposition of your property, there are a number of other important objectives that may be accomplished, such as:

• Designating a guardian for minor children
• Eliminating the requirement for bond
• Designating future custodians for minors

For specific questions about drafting a will, please contact our will attorney in Los Angeles today at (818) 501-5800.

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