Most people understand the term “guardian” in terms of a person who takes care of a minor child. That is one valid definition, but a guardian in legal terms is broader.
Estate Planning
Of course, needing an estate plan and actually getting it done are two different things. But let’s think about the advantages of taking the leap and getting an estate plan.
Wills and trusts are two common features of estate plans. They are different ways to approach distributing your assets after death and can be used separately or together.
Many people believe that when they put together an estate plan, they need to “avoid probate.” Most of the time, these are people who have heard stories about difficult family situations after a loved one’s death that have cost years or thousands of dollars. However, probate, on its own, isn’t a bad thing.