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The Willo Blog

A collections of articles written by our in-house legal team.

Estate Planning Basics

Get familiar with common estate planning terms and necessary documents that you’ll want to include in your estate plan.

Testamentary Trust

A testamentary trust is a type of trust that is created in someone’s last will and testament. This trust is used to manage and distribute a person’s assets after they die. When the person with the testamentary trust in their will dies, the trust becomes irrevocable and is managed by a trustee until it is terminated. Testamentary trusts can be used for a variety of reasons, such as distributing assets to a beneficiary at a later date or in phases. However, these trusts require the will to go through probate before they can be created and may also have ongoing fees associated with them. There are other types of trusts that may have similar benefits and fewer disadvantages.

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Estate Planning & Your Second Home

Purchasing a second home, whether for personal enjoyment or as an investment, is a significant financial milestone. It’s important to consider the estate planning implications of this decision to ensure that your assets are protected. Here are some things to keep in mind as you move forward with this major purchase.

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Nine Ways to Avoid Probate Court

9 Simple Ways to Avoid Probate Court

When someone’s property gets held up in probate court, the process can take weeks (if not months) to wade through the legal paperwork in order to take control. Here are 9 simple ways to make sure your property doesn’t get caught up in the courts.

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Protecting Your Future

Helpful advice on protecting your legacy, and what you leave behind for your children.

5 Steps for Estate Planning in a Divorce

Divorce can have significant impacts on your estate plan, and it is important to update your plan to reflect any changes in your personal situation. It is recommended to consult with a lawyer for specific legal advice on the changes to consider making to your estate plan during and after the divorce process.

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