Creating a Living Trust

Are you getting ready to start estate planning? If so, making a living trust is one of the things you might be doing. Below, you will find information that can help you start preparing the trust. Previously, we talked about things you should do before writing the trust. Once you have everything planned, you can begin writing the trust. Consider the following information.

Creating a Trust | Estate Attorney in Cary NC

Once with made a list of all your assets, chosen beneficiaries and a successor trustee, you can begin preparing the trust document. Working with an attorney is important during the situation. Because each state has different legal statutes, working with your lawyer will help you do legitimate writing of the trustee.sometimes, you might want to do a pour over will which will allow any assets to be accounted for that might not be able to be added into the trust. Things like guardians for minor children and more aren’t able to be put into a trust document. However, that does not mean you shouldn’t plan for them. Work with your attorney to get these things put into a different kind of will.

Once the trust has been written, it is important to sign and notarize it. Again, you will work with your lawyer to have this prepared document executed. Some states require various laws. Your estate attorney in Cary NC will help you know what to do.

To learn more about how to execute a living will after preparing for one, visit back with our next blog post. We will have more information for you there.

Klish and Eldreth | Estate Attorney in Cary NC

Remember, if you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate attorney in Cary NC is here to help you get your estate planning in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Contact our office.

As always, feel free to contact us at our office to schedule a consultation with if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and  DWI issues.

 

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