What does a trust attorney do?

A trust attorney is an estate planning professional who can help you create the necessary paperwork to set up a trust for your estate. A trust, unlike a will, allows your surviving family members to avoid the probate process after you pass away. Trusts are especially useful documents for people who have large estates.

What documents make up a trust?

Trust agreement. The legal document that sets up a trust. It is sometimes called a Declaration of Trust; however, the title on the document may simply read “The Jones Family Trust,” or something similar. It sets forth the names of the grantor, the trustee, and the beneficiaries.

A trust attorney is an estate planning professional who can help you create the necessary paperwork to set up a trust for your estate. A trust, unlike a will, allows your surviving family members to avoid the probate process after you pass away. In fact, trusts are kept private and out of public record.

Do you need an attorney to set up a trust?

Many attorneys recommend trusts to their clients, but not everyone needs a trust. Here are some questions and answers to help you decide if a trust might be useful in you situation. What’s a trust?

What are the questions to ask before creating an irrevocable trust?

Some of the most frequent questions I hear from clients in my estate planning law practice have to do with whether they should create an irrevocable trust . Here are five questions to ask when deciding whether or not an irrevocable trust would be a good addition to your estate planning strategy.

What should I ask before creating a trust?

As with all estate planning, whether or not a particular type of trust or other planning is right for you depends entirely on your unique situation. Speak with an experienced estate planning attorney, a lawyer for wills and trusts, about your situation and your goals and don’t forget to ask the above five questions.

Can a person be the trustee of a trust?

Most people name themselves as trustee so that they can manage the trust assets during their lifetime. You can choose anyone or even a corporation as your trustee if you prefer. If you name yourself, you will need to name a successor trustee who can step up to manage the trust after your death.