One of the most common estate planning questions is whether you need a will, a trust, or both.
The answer depends on your family situation, assets, goals, and concerns about probate, privacy, and incapacity planning. For some individuals, a will may be sufficient. For others, a trust-based plan may provide important advantages.
At Marlyn J. Wiener, P.A., we help individuals and families throughout Boca Raton, Delray Beach, Boynton Beach, and surrounding Palm Beach County communities create estate plans tailored to their lives and goals.
What Does a Will Do?
A will allows you to:
- direct how assets should be distributed after death
- appoint a personal representative to handle your estate
- nominate guardians for minor children
- express your wishes regarding certain assets or property
However, a will generally does not avoid probate in Florida.
See: Wills in Florida
What Does a Revocable Trust Do?
A revocable trust allows assets properly transferred into the trust to pass according to the trust terms rather than through probate.
A trust may help:
- avoid probate
- maintain greater privacy
- simplify estate administration
- plan for incapacity
- create more control over how assets are distributed
See: Revocable Trusts in Florida
Which One Is Right for You?
A will may be appropriate for some individuals with relatively simple estates.
A trust may be especially helpful for:
- homeowners
- retirees
- blended families
- snowbirds
- individuals with multiple properties
- families seeking to avoid probate
In many cases, wills and trusts work together as part of a coordinated estate plan.
Taking the Next Step
The right estate plan depends on your family, goals, and concerns. Thoughtful guidance can help you determine which approach makes the most sense for your situation.
Contact Marlyn J. Wiener, P.A. to discuss your estate planning needs in Boca Raton, Delray Beach, Boynton Beach, or the surrounding South Florida area.
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