Wills vs. Trusts - Choosing the Right Estate Plan in
Las Cruces, New Mexico
Please Note! Plan and Protect Law Firm has expanded. We now serve clients in Las Cruces, NM, Southern New Mexico, San Bernardino County, CA, Orange County, CA, and Southern California.
You Might Be thinking...
Aren’t Trusts Only For Rich People?
No. At Plan And Protect Law Firm, we believe that planning for your future and protecting your loved ones is a crucial step in securing their well-being. Wealth is only one factor in weighing your estate planning options. Home ownership, privacy concerns, and shielding inheritance against predators, creditors, and divorce are some additional factors that should also be considered. Understanding the distinctive functions of wills and trusts is crucial in choosing the right estate planning tool for your unique circumstances.
CONTACT US NOWOur Clients Are Able To Make An Informed Choice
The Attorneys at Plan And Protect Law Firm are skilled at helping you understand how a will or a trust will work for you and the people you care about most. With this guidance, clients are able to choose what type of estate plan best addresses their concerns about protecting loved ones effectively.
Wills vs. Trusts: Understanding the Distinctions
What Is The Difference Between a Will and a Trust?
Wills
Function:
A will is a legal document outlining your wishes for asset distribution after your passing.
Benefits:
A will is usually not as lengthy or complex as a trust, and a will typically cost less to prepare.
Drawbacks:
Most people are unaware that wills require probate court involvement, which can be time-consuming, costly, and potentially expose your estate details to the public.
Trusts
Function:
A trust is legal entity that holds assets on your behalf, transferring ownership to designated beneficiaries upon your passing or according to your instructions.
Benefits:
A trust is designed to avoid probate court, potentially saving time and money. A trust offers greater flexibility in managing and distributing assets.
Drawbacks:
A trust is typically more complex to create and maintain than a will. Creating a trust will typically require a somewhat higher fee.
Estate planning helps avoid confusion and potential conflict by clearly outlining
your desires for your care during your golden years, care for your dependents,
and asset distribution after your passing.
your desires for your care during your golden years, care for your dependents,
and asset distribution after your passing.
Which Option is Right for You?
Our attorneys provide legal guidance to help you determine what will bring you the most peace of mind. Your personalized plan will be designed to address your preferences and primary concerns while factoring in these considerations:
Beneficiary Considerations
If you have specific wishes for how your assets are distributed or want to protect beneficiaries from creditors, a trust may be more suitable than a will.
Ongoing Asset Management
If you require ongoing management of your assets while you're alive, a trust allows for this, while a will only dictates distribution after your passing.
Avoiding Probate
Trusts can avoid probate court, saving time and money, while wills require probate, which can be lengthy and costly.
Complexity of Your Estate
Wills are generally simpler and are sometimes preferred by clients with smaller estates. Trusts offer more control, flexibility, and privacy for estates with more complex assets or more complicated family dynamics.
Why Should I Confer With An Estate Planning Attorney?
An Estate Planning Attorney can help you navigate legal complexities to ensure your estate plan reflects your specific needs and protects you and your loved ones according to your wishes.
Contact Plan and Protect Law Firm today to find out whether a will or a trust may be a great way for you to secure a well-defined legacy.
CONTACT US NOWDon’t Wait - Get Started Now
Don't delay securing your loved ones' future and protecting your wishes. Our attorneys are ready to help you check estate planning off your to-do list today.
WORKING WITH US IS SIMPLE
How Our Process Works
Schedule a Consultation.
Let's meet at a time that works best for you. We are available for weekday, evening or weekend appointments
Meet to Explore
Wills & Trusts.
You’ll share your estate planning concerns, we’ll share our pricing and offerings, and together we’ll determine if one of our flat fee packages will work well for you.
Sit Back & Relax.
If you decide to move forward, the firm will personalize your estate planning documents to fit your preferences and desired outcomes.
Highly Rated in Las Cruces, NM
Get Your Estate Planning Started Today
Plan And Protect Law Firm is highly rated for thorough estate planning with a focus on client convenience. Our attorneys are available evenings and weekends for clients with busy workday schedules. The firm is now serving clients in Las Cruces, NM, Southern New Mexico, San Bernardino County, CA, Orange County, CA, and Southern California.