There are a number of considerations to make when deciding whether to proceed with a Will-based estate plan or a trust-based estate plan. First, as a general matter, there are two ways in which your estate can be distributed to your ultimate beneficiaries upon your passing: (i) by operation of law (i.e., “Non-Probate”) to joint owners or designated beneficiaries (such as retirement funds or assets held in a trust), or (ii) by an administration process overseen by the courts pursuant to the terms…By: Lippes Mathias LLP
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