The Difference Between a Will, a Trust and Nothing — From Expert Mike Walters
Mike Walters, the Entertainer’s trusted legal advisor, offered helpful advice to the California public differentiating between having a will, a trust, or nothing last week on Channel 6’s “San Diego Living.” Tune in every Wednesday morning to hear Walters’ free legal tips.
In the clip below, Mike Walters discusses the differences between a will, a trust, and nothing. He explains that having nothing allows the state of California to take control of dividing your estate, without any input from your loved ones. He clarifies that a will gives instructions to the probate court on what to do with everything you’re worked your whole life for. However, this option include a probate process, one that can take a long time and will become very costly.
A trust allows you to make all of the decisions before hand, and does not give the government any input on how to divide your estate. The option to use a trust permits you to act out your final wishes privately and secretly within your family.
Perhaps you are concerned with deciding between a will, a trust, and nothing. By setting up a trust, you are in almost complete control of your estate. Walters believes it is essential to be prepared for the future and that includes planning ahead.
“If you have a trust, then what you are saying is, you want to say what happens to everything you’ve worked your whole life for, with no government involvement whatsoever,” Walters explains. You can enact your wishes “privately and secretly within your family.”
Walters and Ward is a Professional Corporation that specializes in California estate planning. As legal advisers, they have completed over 11,000 wills and trusts packages in their thirty years of business. Their focus is about helping their clients avoid probate, reduce taxes and keep family matters private.
Walters has worked with over 22,000 clients, the majority of which have been in the area of wills and trusts. Few, if any attorneys can match his experience and expertise in this area.
The Walters & Ward Law Firm is proud to serve California residents with all their legal needs. Specializing in Estate Planning, Wills, Living Trusts, and Probate, the Firm can guide you through this delicate process and ensure you and your family are protected.
Walters & Ward also offers services in Bankruptcy, Corporate Law including Business Formations, Mergers and Acquisitions, and Business Disputes. The Firm’s strong network of expert attorneys throughout Southern California can help in any legal matter. If one of the Walters & Ward attorneys cannot help, they will find someone who can.
You can learn more at www.walterstrustinfo.com or at the free workshops they hold about estate planning, probate, wills and trusts. Sign up today by calling 1-877-779-9729 or by visiting their website listed above. The best part — they never charge to speak with an attorney.
Don’t forget to tune in every Wednesday morning to hear Expert California Attorney Mike Walters’ free legal tips on the “San Diego Living” show on Channel 6.