The Will and Asset Protection

Elizabeth Edwards had a will and asset protection or did she? It was on the news, in the papers and on the internet. The whole world knows that Elizabeth Edwards, who died last month after a battle with breast cancer, made no mention of estranged husband John Edwards in her will. When the whole world knows your affairs because of your will is that real asset protection?  The truth is that will does not provide good asset protection.

If you want true asset protection it is far better to look to a trust.  When you use a will to give a way property it must be probated.  This means you take the will to court and the judge will order how the property is distributed.   Any proceeding in court becomes a matter of public record.  Anyone can look up your will and how it was probated.  This is real breach inprivacy.