What is the Difference Between Will and Estate Planning?
The primary difference between will planning and estate planning is the complexity and depth of the process.
- Will planning generally involves creating a last will and testament that dictates how your assets should be distributed, property-related division, etc.
- Estate planning typically includes drafting a will, but also utilizes several different legal documents to secure your assets and provide a more detailed explanation of how your assets should be handled following your death.
Estate plans can be particularly helpful if you are worried that your will may not be executed properly or if your children are too young to inherit your assets immediately upon your death. Additionally, most estate plans can remain private after your death, rather than being made public record.
Estate Planning Tailored to Your Needs
No one estate plan works for everyone. At Ball, Kirk & Holm, P.C., our Waterloo estate planning attorneys work directly with you to create an estate plan that works for you and your family. When you visit our law office, we will take the time to sit down with you to discuss your goals. We will talk with you about the estate planning strategies that might best achieve them. Together, we will create a complete set of documents that are just right for you.
We also realize that plans can change. In addition to assisting you in creating an initial estate plan, we can also help you with modifications to a will, trust, power of attorney, healthcare directive, or any other aspect of your estate plan. In every instance, our attorneys will take the time to clearly explain your available options and inform you of potential solutions based on your specific goals.
If you are considering estate planning as a way to protect your interests and the people you care about, talk with a Waterloo estate planning lawyer at Ball, Kirk & Holm, P.C. today!