ESTATE PLANNING: WILLS
A last will and testament is perhaps the most fundamental and important document concerning the distribution of your assets upon your death. A will is a legal document in which a testator (the person making the will) provides for the transfer of his or her property (both personal property and real property) to named beneficiaries of the testator’s choosing at his or her death. Another function of a will is to name someone to manage the distribution of your estate. This person is called an executor.
A will may also create a testamentary trust for your assets to ‘pour into’ at your death. This type of trust only becomes effective upon your death and gives individuals an alternative to an immediate transfer of their assets to their beneficiaries.
At Crumpton Law LLC, our estate planning attorneys believe everyone’s estate plan should have a will. In Ohio, when someone dies without a will, state law decides how to distribute that person’s estate. We believe that you – not the state – should be in control of distributing everything you worked so hard to earn. Our attorneys are ready to help you create a will that is right for you and your family.
