As you engage in estate planning activities, it can be valuable to work alongside a professional. This is certainly true when it comes to living trusts. In this post, we’ll list just a few of the reasons why it pays to enlist the expertise of a living trust attorney.
1) An estate planning attorney can help you determine the best solutions to achieve your estate planning goals.
When it comes to estate planning, there are no one-size-fits-all solutions. Every client we see at Singh Law Firm has a unique set of goals and priorities, sometimes involving a will and trust, sometimes involving other kinds of estate planning documentation.
Whether you need a living will, trust, power of attorney, or some combination of the above, our attorneys can consult with you and point you in the right direction.
2) An estate planning attorney can help you establish your living trust.
The work involved in setting up a trust is far more complicated than simply creating a will. A firm of living trust and wills lawyers can assist you in setting up your trust, ensuring it’s legally compliant, funding it, and advising you on the best strategies to minimize your tax burden.
This is heavy lifting that you don’t necessarily want to do yourself, especially because even a small error can invalidate your estate plan. Better to leave it to a team of trusted legal professionals.
3) Living trust and wills lawyers can help you select a trustee.
When you create a living will, you’ll need to appoint someone to serve as the trustee; essentially, this is the person you’re appointing to monitor and manage the funds in the trust.
It goes without saying that it should be someone honest and responsible… but who, exactly? An attorney can advise you on the specific responsibilities of a trustee, recommend some good options, and in some cases serve as the trustee for you. This is an important part of the estate planning process, and not something to take lightly.
4) Your attorney can explain the different kinds of living will, trust, power of attorney, and other documents.
Should you set up a revocable living trust, or an irrevocable one?
Would it be better to establish a financial power of attorney? How about a healthcare power of attorney.
As you consider your estate planning options, there are a number of questions that you’ll need to entertain. It’s important to have a trusted legal ally who can offer strategic clarity. That’s where a living wills attorney can be invaluable to you.
5) Living trust and wills lawyers can help you keep your estate plan up to date.
One final consideration: It’s never wise to take a “set it and forget it” approach to estate planning. Most experts recommend reviewing your plan annually and amending it after any major life change.
A living will attorney can help you stay on top of this, and provide a frictionless way for you to keep your estate plans totally aligned with your current desires.
As you consider your needs for a living trust, living will, or comprehensive estate plan, we invite you to reach out to our firm directly.
Singh Law Firm is a trusted name in California, and we are singularly devoted to helping our clients plan for the future.
We’d love to answer any questions you have about living trusts. Reach out to Singh Law Firm and speak with a living will attorney at your next opportunity.