Understanding Trusts, Part Two

Welcome back. Today, we are going to talk more about trusts. Our estate lawyer in Cary NC is here to explain a few things that might help you decide whether or not you need to include a trust in your estate plan.

Trusts | Estate Lawyer in Cary NC

When establishing a living trust, you are able to control assets while living. When you pass away, belongings will not need to go through probate. In most cases they can go straight to beneficiaries. Probate can be long and expensive. Sometimes, probate cannot be avoided. however, our estate lawyer in Cary NC can help you better understand those situations.

If you choose to have a living trust within your estate plan, you will need to name a trustee. This person will oversee everything in the event of your death.

Many people aren’t aware, but trusts are not public. Often times, a wheel is considered public record. A trust is not.

Trusts are often A great way to make sure your loved ones are taken care of, financially upon your death. Because assets will not be tied up in court, a smooth transaction can take place.

If you are interested in learning more about trust, be sure to contact our estate lawyer in Cary NC. Also be sure to visit back with our next blog post. We will have more information there.

Klish and Eldreth, PLLC

Do you have a current estate plan in place that hasn’t been updated in years? If so, it might be time to revisit it to ensure all information is valid and up-to-date. This task can be just as important as the initial creation of an estate plan. Don’t let things become outdated. Call today to start updating your plan.

Also, feel free to contact our office to schedule a consultation with us if you are looking for a lawyer to assist you. We are here to help you with all your legal matters, whether it be estate planning, trademarking, copyrighting, or DWI issues.

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