Wills and Trusts

A Will is utilized to direct how assets are to be distributed upon your death, after the payment of all proper claims against your estate.  The Will only has effect over assets that are not otherwise set up with beneficiary designations or that are held jointly with another person.  A Will has no effect until it is admitted to probate and the personal representative or executor named in the Will is appointed by the court and granted authority by the court to handle all necessary matters to collect and disburse assets.  There are some simplified forms of probate where the amount of assets going through probate are under certain limits, but if there are assets listed solely in the name of a decedent, some form of probate will be required.

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