Individuals making estate planning decisions should consider whether they need something other than simple wills. At Pater, Pater & Halverson Co. in Hamilton, OH, the wills and trust attorneys know that drafting more complex wills often help property owners while they are living and can reduce arguments between loved ones after they are gone. Below, the attorneys explain why people need lawyers to assist in forming detailed and binding wills.

Simple or Complex Wills?

Simple Wills

Property passing by simple wills must go through probate, an expensive and time-consuming process. In Ohio, probate takes at least six months. Disputes may arise, delaying distribution of estate assets to the beneficiaries even longer. 

Complex Wills With Trusts

Experienced wills and trust attorneys draft wills incorporating trusts. Although these wills are more complex, they simplify and speed up distribution of assets. Assets in trusts do not have to go through probate, so beneficiaries receive their bequests quicker. Attorneys need to prepare these documents because they must comply with strict legal rules to ensure the court recognizes the wills and trusts as valid.

Types of Trusts

Revocable living trusts allow property owners to retain control of their property and make changes at any time, as long as they are mentally able to. Special needs trusts provide for children and adults with special needs and protect their ability to receive government benefits. Testamentary trusts take effect upon the property owner’s death.   

At Pater, Pater & Halverson Co., skillful wills and trust attorneys draft the documents needed to achieve their clients’ goals. You can depend on their knowledge and dedication backed by 100 years of experience to give you peace of mind in making your important decisions. 

Talk to experienced wills and trust attorneys before you decide whether you need a simple or complex will. Contact Pater, Pater & Halverson Co. in Hamilton, OH, today. Visit them online for more details about probate and call (513) 867-1411 to discuss your estate planning needs today.