Johnston|thomas Estate Planning

the staff at johnston|thomas works with clients in the planning of their estates, including: trusts wills health care directives powers of attorney for property management wealth preservation lifetime gifting strategies business succession planning multi-generation transfers do i need a will or a trust? if you don’t have a will or a trust, the state of california will make the following decisions for you: • who will be the administrator of your estate • who will receive your assets • who will raise your minor children in addition, the proceeding will be a public proceeding, and the probate fees will far exceed the cost of a trust. do you need a will or a trust? the advantages of a will over a trust: • a will is cheaper than a trust to create. • there’s no need to identify any assets. • there’s no need to transfer assets into a trust. advantages of a trust over a will: • probate is much more expensive than administering the trust after death. • the trust administration process i