A living trust is just like a will, the only difference is that the process of a probate is not needed which saves a lot of time and money. The living trust is written out for an attorney to make sure that the wishes of the grantor (person who wrote the living trust) are carried out.
Locating The Right Lawyer
Do you want to find the kind of lawyer that you can trust to carry out your wishes? Then you need to find a lawyer that has a reputation for an honest service. Some lawyers might not act in your best interest by taking advantage of the situation, so you need to better watch out for these guys.
The best type of lawyer to trust with North Carolina, living trust documentation is one that has been in your family for a long time. Such lawyers are typically loyal to their clients, and will do whatever they can to help the family they are representing.
Furthermore, prior to hiring, look into the reputation of a lawyer online as that will tell you something about them. Clients who either strongly like or dislike a certain lawyer may create a forum post about their experiences, or a post on a social media website. Reading through such a review will be very helpful when trying to find the right lawyer.
What To Include In The Living Trust
For those of you that are drafting up a living trust for the first time should take the time to consider what assets you have. Any prized possessions, real estate and even virtual estate such as websites needs to be given away once you pass on.
Anything that you don’t leave any specific instructions for, will not end up in the ideal place. Deciding who deserves what after you pass on is a decision that is up to you. The lawyer can only assist you by making sure that your wishes are met exactly as written in the living trust.
The Price Of The Living Trust
You could actually get the living trust set up for free by using a few self-help programs. However, if you want the peace of mind that it is done correctly, then going to your lawyer is advisable. They will make sure that the will is set up in such a way that it is a legally binding document.
It would be a disaster if your living trust did not get the desired effect because the details were not specified correctly. A lawyer will take a fee for the services of creating a living trust which depends on the amount of assets and possessions you want included.
At times putting items in the living trust where the ownership is in question can be difficult to sort out, but a good quality lawyer can sort such matters out. A lawyer can be particularly helpful if there are disputes with family members about the ownership of certain real estate.