Estate Planning Attorney
Internet technology has advanced to the point where those who wish to create wills and living trusts can do so on their own. While this may seem like a convenient way to arrange the transfer of property and finances and make decisions while you are still living and of sound mind, the creation of these documents is not always foolproof. If you are ready to create a living trust, there are several advantages to hiring a lawyer to assist you with the process.
- Your Needs Are Likely Unique
While living trust software may help you create a basic document, it may not completely meet your individual needs. Most do-it-yourself kits are designed with simplicity in mind, but if you have many beneficiaries or want to create specific instructions for your successor trustee who guards the living trust if you are unable, it is wise to seek the advice and assistance of an attorney to ensure the document you create is both complete and valid.
- Help With Documentation
Living trust software might provide you with a few printable documents you will need, but depending on the circumstances of your trust, they may not be enough to validate the transfer of property. For example, if you want to transfer ownership of your lake cottage to your adult son in a living trust, then you must also create a new deed and file it with your local records office. An attorney can assist you with additional documentation and let you know where to file a new deed.
- Wording for Certain Conditions
Some conditions in a living trust can be complicated and difficult to word in a way that makes the terms legal. This may include addendums for minor beneficiaries or if you plan to name someone other than yourself as a joint trustee. The help of an attorney can be beneficial in this case, as the wording of your trust may make probate court necessary if you should pass away suddenly and your wishes are not clear.
- Peace of Mind
Creating a living trust with internet software may save you some money and time, but it might also come with some uncertainty. Working with a lawyer can provide you with peace of mind that the document is valid and correct so your beneficiaries will receive their inheritance without any trouble.