Wills and trusts are an essential component of estate planning. By working with an attorney, you can use these tools to ensure that your property is protected and your loved ones will be cared for after your death. There are several different kinds of wills that you may choose to create. In addition to a will that outlines how your property and assets will be distributed after your death, you may decide to write a living will that clearly states how you wish to be cared for medically in the event that you are unable to make the decision for yourself.
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Trusts can allow you to streamline the management of various assets in order to gain different benefits, such as reduced estate taxes or better long-term property management. You may choose to create a trust in order to protect your assets or in an attempt to provide a better financial future for you loved ones. Either way Michael B. Palillo can assist you in developing a plan for wills and trusts so that you no longer have to worry about the future of your assets.