What Happens to Basic Wills/Trusts After I Pass Away?

May 3, 2018

Basic trusts and wills are value estate planning tools that essentially assure that your assets are distributed according to your wishes after you pass away.  If you do not have estate planning documents like this in place, you could make mistakes that could leave your heirs paying the price. 

This also increases the chances that your heirs may argue about who has a rightful claim over the property included in your estate, and you are essentially handing over the opportunity to make decisions about these issues to the state.  

The state may not come to a conclusion about what is in your best interest or the — what is in your beneficiaries best interest or what you might have listed yourself. Properly written trusts and wills go a long way towards articulating your individual goals and giving you a clear path going forward. If you do not have an experienced estate planning attorney to help you with these various documents, you could be exposed to a number of different challenges.  

Properly written trusts and wills should be evaluated on a regular basis to ensure these strategies are still in line with your individual needs. The support of an extended planning attorney during this time is extremely valuable for identifying possible problems.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Why Work With Omni360 Advisors? A Holistic Approach to Wealth, Business, and Legacy Planning

Discover how Omni360 Advisors helps business owners, executives, and multigenerational families navigate wealth management, business planning, tax strategy, and legacy planning through a coordinated advisory ...

<p>The post Why Work With Omni360 Advisors? A Holistic Approach to Wealth, Business, and Legacy Planning first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Spousal Lifetime Access Trusts (SLATs): A Strategic Tool for Wealth Preservation and Family Flexibility

Learn how Spousal Lifetime Access Trusts (SLATs) can help families transfer wealth, reduce potential estate taxes, and maintain financial flexibility for future generations. For many ...

<p>The post Spousal Lifetime Access Trusts (SLATs): A Strategic Tool for Wealth Preservation and Family Flexibility first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Navigating the Step-Up in Basis: Core Rules, Critical Exceptions, and Strategic Benefits for Families and Business Owners

For many families, business owners, and high-net-worth individuals, one of the most valuable—but often misunderstood—tax concepts in estate planning is the step-up in basis. While discussions ...

<p>The post Navigating the Step-Up in Basis: Core Rules, Critical Exceptions, and Strategic Benefits for Families and Business Owners first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>