The most common reason for the average person to create a Trust is to avoid the Probate Court process. If someone passes with only a Will, then their assets and estate must be processed through the Probate Court. However, if a person incorporates a Revocable Trust into their estate plan, then they will have given themselves the ability to appoint their Successor Trustee to their Trust, which is very similar to appointing an Executor/Executrix of their Will, but unlike dying with only a Will, the Trustee is allowed to act immediately. This avoids the delay associated with waiting for the Court’s approval, which is the requirement when someone dies with only a Will.
Legal Team at Morneau Law
Morneau Law is committed to providing quality representation for individuals and families dealing with difficult situations such as divorce, estate planning, estate planning and probate. We serve clients located in the Greater Nashua Area and throughout New Hampshire and Massachusetts.
Latest posts by Morneau Law (see all)
- Attorney Morneau Awarded Lawyer of the Year - 11/30/2020
- Morneau Law Awarded Law Firm of the Year - 11/25/2020
- What’s the Difference: Will vs. Trust - 11/24/2020