How To Know Whether Or Not You Need Help From A Living Trust Lawyer

 

A living trust is a trust created during life to either save tax money or establish a long-term way to manage property. Living trusts are specifically designed to avoid probate and are also used to safeguard financial privacy and manage assets should the owner pass away or become incapacitated. Many people who want to create a living trust contemplate hiring a living trust lawyer.

 

Living Trust Basics

 

The ease of creating a living trust is comparable to creating a last will and testament. To understand how easy it is, it is helpful to know what goes into a living trust. A living trust document usually starts with a very basic template and includes the following information:

 

• The creator of the trust.
• The trustee, the person in charge of managing the trust.
• The trustee who will take over managing the trust and distributing the property when the original trustee dies or becomes incapacitated.
• The beneficiaries - the people who will get the property of the trust.
• The trustees who will manage any property left to young beneficiaries. Oftentimes, when children or young adults inherit property from a trust, there is a delegated trustee to manage the property for them until they are of a mature and competent age to manage it themselves.

 

After you have drafted your trust with all of the pertinent information, sign it in front of a notary. Then, to make it effective, use a deed or standard transfer document to transfer the property of the trust into the trustee's name, per the trust's terms.

 

It sounds simple, right? So, why not just do it yourself? If you have a unique situation, need a special needs trust, or are overwhelmed by a complex or large estate, hiring a living trust lawyer can definitely help you sort out any questions or handle creating a complicated living trust. Do Your research and educate yourself about trust basics before you decide to dive head first into creating the trust yourself.

 

Call your Amarillo estate planning attorney today

 

Not sure how to ensure your estate planning is the best it can be for you and your loved ones? Don't worry. Many people have similar questions and go through the same line of questioning when deciding how to make their estate plan. It can be and often is critical that you get legal help understanding the basics of the estate planning process. The best way to get this understanding is to contact an experienced estate attorney near you. Stop and take a breath and call an Amarillo attorney who has had decades of experience.  Pick up the phone and call Amarillo Attorney Bill Cornett.  Bill is your choice as an experienced estate planning attorney in Amarillo and the Texas Panhandle.  Don’t waste another minute.  Call him today.

 

Your most important action may end up being the phone call that you make to your Amarillo estate planning attorney lawyer.  In the Texas Panhandle that call should be to Amarillo attorney Bill Cornett.  Whether you need assistance with a will, administration of an estate or a contested probate, contact the Law Office of Bill Cornett. Be smart…remember these phone numbers (806) 374-9498

or (800) 658-6618.

 

Put Cornett Law Firm’s 47+ years of experience to work for you

 

Bill Cornett, Amarillo Attorney, with Cornett Law Firm offers affordable, qualified services as an experienced personal injury lawyer, probate attorney, family law attorney, criminal law attorney, DWI attorney and divorce attorney. Bill also has experience in estate planning and agriculture law. Sit down with Bill at his office located at 612 S. Van Buren St. in Amarillo TX by calling (806) 374-9498 or (800) 658-6618 TODAY to schedule a free consultation.