Do I Need An Estate Lawyer To Create a Will or a Living Trust
Do I Need an Estate Lawyer to Create a Will Or a Living Trust?
Having a living trust is a great way to keep your estate private and avoid probate. A living trust is a legal document that outlines your wishes and distributes your assets to your beneficiaries. While some people are able to set up a trust on their own, a lawyer can ensure you are getting the best outcome possible.
Setting up a living trust
Setting up a living trust can take a lot of work. You’ll need to gather relevant paperwork, hire a notary public, and name a successor trustee. Your successor trustee will be responsible for managing the property you leave behind until it matures. Your successor trustee should be someone you trust. It’s also a good idea to choose a person who will be responsible for the money.
Reasons for setting up a living trust
While not everyone will need trust, there are a few reasons you may want to set one up. Some of the benefits include saving time in the probate process, limiting your family’s exposure to the probate process, and avoiding thousands of dollars in fees.
Having a living trust will make it easier for your family to manage your estate during your lifetime and after you’re gone. If you don’t have a trust, the process of transferring your property to your beneficiaries could take months or even years.
Consult an Estate Planning Attorney
Some states have a quicker probate process for small estates. These laws vary by state, and you should consult an estate planning attorney. If you don’t have a lot of assets, a simple will may be all you need.
Free consultation from one of the best Law Firms
If you have questions, you can get a free consultation with the Best Estate Planning Lawyers.
Disclaimer: This is not legal advice and is simply an answer to a question and that if legal advice is sought to contact a licensed attorney in the appropriate jurisdiction.
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West Jordan UT 84081
|• Total||0.70 sq mi (1.83 km2)|
|• Land||0.70 sq mi (1.83 km2)|
|• Water||0.00 sq mi (0.00 km2)|
||5,692 ft (1,735 m)|
| • Estimate
|• Density||570.21/sq mi (220.12/km2)|
|Time zone||UTC-7 (Mountain (MST))|
|• Summer (DST)||UTC-6 (MDT)|
|GNIS feature ID||1427806|
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