Wills & Trusts Information Center

Philadelphia Wills and Trusts Lawyers

At the law offices of Arlene Glenn Simolike, Esq. and Associates, P.C., our wills and trusts lawyers understand the importance of protecting your assets and wishes for the future of your family. Our experienced estate planning attorneys assist individuals and couples with drawing up wills, establishing trusts, and establishing living wills to cover medical decisions for you in the future. We know you only want the best for your family and that you want to know they will be taken care of when you are no longer able to do so yourself. Our lawyers will ensure that your wishes will be carried out when that time comes.

If you would like to discuss drawing up a will, trust, power of attorney or living will, or if you need to establish guardianship for a disabled or elderly relative, contact the law offices of Arlene Glenn Simolike, Esq. and Associates, P.C.. Our attorneys will help you to ensure your assets and interests are protected for future generations of your family.

Wills and Trusts - An Overview

A will is a written communication by which a person directs how his or her estate is to be distributed upon death. The estate consists of the property that one leaves behind after death. A trust is the legal right to the beneficial enjoyment of property to which another person holds the legal title. Wills and trusts are commonly used estate planning tools.

The advice and assistance of an experienced wills and trusts attorney are essential to making sure that the measures you choose comply with your state's law and truly carry out your wishes.

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Why Do I Need a Will?

Wills are the most basic element of estate planning. A will is a legal document that explains how you want your property and assets distributed after your death. It allows you to say who you want to carry out your wishes and provides you with the opportunity to nominate a guardian for your minor children.

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Trusts 101

A trust is a great estate planning tool for anyone who wants to avoid the costs associated with probate, decrease the amount of taxes paid at death and provide limitations on their young children's ability to access money left to them.

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A User's Guide to Probate

Probate is the court-supervised process of winding up your affairs after death. Many people believe the smart thing to do is to avoid the costs and hassles of probate. Contrary to this popular belief, the probate of most estates runs smoothly. The court's supervision ensures that any outstanding debts, taxes and claims against your estate are paid and that your remaining assets are divided among your heirs.

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Death and Taxes: Planning for Both

When you die, the assets and property interests you leave behind minus any debts make up your estate. Whether your assets go through probate or you have set up alternative means for transferring your property, any estate or other taxes owed at the time of your death must be paid.

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