Casting your mind to what will happen to your belongings once you die is not necessarily a pleasant experience, however, it is a wise use of your time.
A little bit of preparation for the inevitable can make a world of difference for the loved ones that you leave behind. Hiring a trust attorney will allow the transfer of your possessions to be passed on smoothly and without the hassle.
What Is A Trust Attorney?
Essentially, a trust attorney manages your trust, ensuring that all of the legalities are airtight and that you are protected. By setting up a living trust, you make sure that your possessions can be transferred to your loved ones without having to go through the probate process.
A trust attorney will assist set up the trust by providing all the legal help needed to whoever you choose to name as your trustee (the person managing your trust). A trust attorney understands the intricacies of setting up a living trust and makes sure that all of your best interests are prioritized.
Why Do You Need One?
Understanding what a trust attorney is, doesn’t necessarily answer the question of why you’d need one. There are several situations in which hiring a trust attorney is a good investment.
A Large or Complex Estate
If your estate is large and/or complex, then hiring a trust attorney can be an invaluable decision. When your estate is detailed, there’s lots of room for oversight. But not if you have a trust attorney to help guide you through the process of setting up a trust.
Bypass the Probate Process
Another advantage of setting up a trust is that it reduces the need for your family to go through the probate process. This process can be lengthy, costly and tiresome. With your family already coping with your passing, the less admin that is needed, the better.
Although an initial investment to set up, having a trust can actually save your family money in the long run. Setting up a trust is a simple way to lower your costs as it reduces the estate taxes that must be paid by the family when settling the estate.
Although not a pleasant thought, it’s not uncommon for managing inheritance to cause tension in a family. This conflict can be greatly reduced by setting up a trust. This way, you can dictate when your beneficiaries receive their inheritance and have the guidance of a trust attorney to help set this up.
This also lowers the emotional stress of wondering what will happen to your assets when you pass. The trust attorney will not only manage all of the processes, but they will reduce the chance of family drama.
Prevent Complications Of Potential Incapacity
Another benefit of a living trust that is often overlooked is the protection that it provides in the instance of incapacitation. A trust will also help guide how your assets are managed if you are no longer able to do so yourself. Once again, having a professional trust attorney is a great benefit in this regard.
How Can A Trust Attorney Help You?
A trust attorney can help you in many ways. In addition to setting up the trust on your behalf, they can also take on the role of the impartial, but reliable, trustee. By creating a trust, you can live the rest of your life confident that your valuables will be going to the right place when you pass.
Our professional and trusted lawyers at Handin Law have been serving the Broward, Miami Dade and Palm Beach counties since 1969, helping countless individuals prepare their living trusts. Give us a call at 1-877-815-4560 to find out how we can help you too.