A living trust is a document for estate planning created by an individual in their lifetime. With a living trust, it goes into effect during an individual’s lifetime while also providing a way to manage one’s assets during their lifetime and to dispose of assets once they have passed away. There are many reasons a living trust is preferable to a last will and testament which can be explained with the help of a trust attorney. Weeki Wachee residents who do not feel comfortable with legal matters and documents should consult with an attorney that they trust in order to ensure proper trust administration.
Does Everyone Need the Assistance of a Trust Attorney?
While it is possible to file a living trust without the help of a trust attorney, weeki wachee residents may feel the need to have a professional handle their legal matters. This is not the case for everyone though as many individuals are very successful at making a living trust on their own. Not only will a trust attorney help you administer a living rust, but they will also help you prepare your estate and plan for all necessary documents and paperwork.
What are the Benefits of a Trust Attorney?
Individuals who have more complex estate and trust expectations would benefit from the assistance of a trust attorney. Weeki Wachee residents should consider an attorney if their trust has a high number of beneficiaries or if there is a high dollar life insurance policy involved. With that much money on the line it may be more pertinent to pay to have someone make sure that everything is order and people are eligible to receive some type of monetary compensation. regardless if you choose to hire an attorney to help you with your living trust, individuals should do a little research to familiarize themselves with the basics of living trust administration.
*Disclaimer: The views expressed here are those of the authors and do not necessarily represent or reflect the views of Jhonston & Sasser, P.A*