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Wills & Trusts in Gulfport, Mississippi

Wills and trusts are essential tools for protecting your loved ones and hard-earned assets. Depending on your individual needs, you can create a legal document most beneficial for you. A will acts as a set of instructions that is left when you pass away while a trust is used to protect your assets. At Perry, Murr, Teel & Koenenn, our probate attorneys can advise you through the process and help you establish a will or trust of your choice. Now is the time to take action and stay in control of your estate and the protection of your family.

Last Will & Testament

A last will and testament, more commonly known as a will, is used to incorporate your last wishes.

By creating this legal document, you are able to include the following:

  • Exactly how you want your assets distributed and who you want them to be passed down to;
  • The name of a guardian to look after your minor child;
  • The name of a person to watch over the property of your minor child; and
  • The name of an executor to make sure your affairs are in order and your last wishes are followed.

Trust

A trust is used to protect your valuable assets. When a person creates a trust with an estate planning attorney, it is important to understand that they must individually place their property into the terms of the trust. If an asset is not transferred into the trust before they pass away, that asset is the incorporated into their will or distributed by the terms of the intestate succession laws.

The multiple benefits of creating a trust include:

  • Avoiding Probate: When the trust-creator passes away, the assets held within the trust are distributed through a private process. This process does not go through the costly, time-consuming, aggravating and public probate procedure.
  • Asset Protection: When placing assets into the trust, they are then held and protected for the benefit of the beneficiaries. Depending on which trust is created, assets may be able to stay shielded from potential creditors and lawsuits.
  • Special Needs Protection: By creating a special needs trust, money and property can be left to loved ones with special needs without it affecting their governmental assistance.

Set up a will or trust with a Harrison County lawyer!

By creating a will or trust that caters to your specific needs, you can begin to feel more at ease in knowing that your loved ones and property will stay protected. At PMTK, we can help review your situation and equip you with the comprehensive knowledge you need to get started. Now is the time to begin planning for the future and create a will or trust of your choice. Call an estate planning lawyer to discuss your legal matters!

Perry, Murr, Teel & Koenenn - Gulfport Probate Attorney
Located at 625 16th St, Gulfport, MS 39507
Phone: (228) 896-0020
Website:
Probate.com

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

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