Frequently Asked Questions
about Estate Planning
What is an estate plan?
An estate plan is a series of documents which outline how a person wishes to handle their property, personal possessions, money, and medical care when they are elderly and after they have passed away.
What is probate?
Probate is the process by which some of the money and property of a person is distributed after death. It can happen with or without a will. The process can take anywhere between 3 months to years depending on the size and complexity of what the person left behind.
What is the difference between a will and trust?
A will is a document which outlines how someone’s property and cash is distributed after they pass on. It is used during probate.
A trust is a document which outlines how someone’s property and cash will be distributed. It can apply at the time of their death and avoids the property and cash going to probate.