As your loved ones age, it is imperative to have both trusts and wills in place. These legal forms ensure peace of mind when an inevitable transition period approaches. This video will discuss DIY trusts and wills, and whether or not this is a service you should consider.
Trusts and wills are put in place to prevent any disputes after somebody’s belongings and wishes after they pass. However, it may not be so simple. For example, the term possessions listed in a will is very broad. It does not clearly define what is to be given away. It is up for interpretation. This issue is rather common in DIY wills.
Legal forms are extremely complex, so it would be best to work with an experienced attorney while drawing up trust and/or will. The professional will be able to steer you in the right direction to avoid any vague terms, which will result in potential issues between family members.