A Phoenix paralegal can be hired to help create a will or a trust, and both of these estate planning documents are critical components of any solid estate plan. Writing a will can be a complicated task, which is why some may choose to work with a Phoenix paralegal in order to create a sufficient last will that covers everything needed.

Differences between a will and a trust

There are several differences between a will and a trust. A will is used to cover several aspects of an estate plan and has many details on how an estate should be distributed and managed. It is also often referred to as a last will, and it is also used to specify guardians for children among other critical estate decisions. A last will must normally be interpreted in probate court.

A trust is used to manage an asset while an estate owner is still alive, and once he or she dies the trust can pass along an asset or wealth to beneficiaries without the need for probate court. Trusts also keep the details of the asset private, which is sometimes important for many estates. A Phoenix paralegal or other estate planning expert is usually hired to help create a trust, as they are unique estate management documents that must be properly written for each type of asset that they manage.

Using a template is not a recommended method for a last will or trust

A Phoenix paralegal can help create a detailed last will for an estate owner, and templates should be avoided as they do not have the specific unique details that a particular estate may need. A Phoenix paralegal can also ensure that the will is properly formatted as well, and a Phoenix paralegal can provide feedback on areas of the will that may have been overlooked.

A Phoenix paralegal can and often should be hired to create a trust for an estate, and there are many different types of trusts that a Phoenix paralegal can help with. It is especially important for those with more elaborate estates to consider hiring an expert to create a trust or will, as elaborate estates can be quite complicated.

 

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