From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 178196 Using a Testamentary Trust for a Child Instead of using a simple will to leave assets to children, consider creating a trust for their inheritance. Called a testamentary trust, this type of trust allows you to name someone to manage the inheritance and decide when and how your children will receive it. However, this type of trust comes into existence only after you die and your will goes through probate. Probate is a court process that can cause delays and expenses that reduce the amount of money available for your children. Probate documents are also public records, meaning everyone—including people who might try to take advantage of your children—can see what they inherited. A testamentary trust is usually a better option than a simple will, but it might not be the best option. Schedule an appointment today to learn more about how you can protect the people you love most. From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 178196 Using a Testamentary Trust for a Child Instead of using a simple will to leave assets to children, consider creating a trust for their inheritance. Called a testamentary trust, this type of trust allows you to name someone to manage the inheritance and decide when and how your children will receive it. However, this type of trust comes into existence only after you die and your will goes through probate. Probate is a court process that can cause delays and expenses that reduce the amount of money available for your children. Probate documents are also public records, meaning everyone—including people who might try to take advantage of your children—can see what they inherited. A testamentary trust is usually a better option than a simple will, but it might not be the best option. Schedule an appointment today to learn more about how you can protect the people you love most.
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