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![]() | Provide for the support and care of your family. If you have | |
| minor children, you need to nominate someone who will care for them upon your death. If you do not, the Court will decide who raises your children. Also, if you have minor children, a trust should be established to manage their inherited financial resources. |
![]() | Minimize or reduce expenses upon your death. It is in your | |
| family's best interest to keep costs in transferring assets upon death to a minimum. A good estate plan will reduce these costs, and will also reduce the chances of having the estate contested in the Probate Court. |
![]() | Distribute your property quickly. Currently, it takes | |
| approximately 6 months to a year, on average, to get assets in probate to the deceased person’s intended beneficiaries. For persons dying without a will, the process generally takes longer and is more expensive. With a properly drafted Trust, the process of transferring wealth upon death is seamless and usually very little time is wasted. |
![]() | Ease the strain on your family. By setting forth your | |
| wishes for your family members, they are relieved from the strain of having to make difficult decisions on your behalf by themselves. If you have a family business, you can provide for the orderly succession of that business and the seamless continuation of its affairs on your terms by implementing a proper estate plan. |
![]() | Peace of Mind. No one can predict the future. Having a | |
| good estate plan can ensure that no matter what happens tomorrow, your loved ones and all of your affairs can be easily taken care of in the event of the unimaginable. |
