Wills and Trusts

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Wills

A Will is a legal document that dictates how your wealth, assets and property, will be distributed following your death.  In some cases, a will can also appoint guardians for dependents and special needs family members in your care.

Having a will helps to make sure your assets go where you and your family need them to go and care for those closest to you. 

Because wills must be specially drafted and properly executed, working with a law firm, like  Cara Law, will can save your surviving family members time and money in having your assets distributed.  

At Cara Law we deliver creative and well planned solutions to unique problems in estate planning such as divorce, re-marriage, blended families, domestic partners, protecting inheritance and safeguards against will challenges.

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Trusts

A lot of folks are confused by trust planning, but done correctly and with careful thought, trusts can be a useful tool for managing and distributing assets and for planning for children or family members with disabilities.  
There are a number of types of trust, each with varied uses and considerations.  For example, 
  • Revocable Living Trusts
  • Irrevocable Planning Trusts 
  • Tax Protection Trusts
  • Special or Supplemental Needs Trusts
  • Pet Trusts 
  • And more
Trusts have certain benefits, like they avoid probate and some trusts can protect your real estate and other assets should you require long term care or should your estate fall withing taxing guidelines.