When it comes to estate planning in Bloomington, the things you overlook could cause your heirs grief and turmoil. Most people make their estate plans with the best intentions in mind for their heirs. If you are going over your estate plans, it is important for you to know when to use trusts and to fund them in a timely manner to prevent issues with your wishes that cause your family and estate to end up in probate court.
Contrary to popular misconception, trusts are not only for the wealthy. When used properly, they are a convenient and practical way to keep your estate from having to go through probate. Trusts are one of several tools you can use to make your estate plans probate-proof.