Creating a living trust is an essential aspect of estate planning. A living trust allows one to transfer assets to their beneficiaries after death without going through probate. However, holes can lead to a contested estate even with a living trust. Working with a living trust lawyer is crucial to avoid such problems.
Here are three ways a Glendale living trust lawyer can help you avoid holes in your trust that can lead to a contested estate:
Providing Legal Expertise
A living trust lawyer is a legal expert who can guide one through the estate planning process. They can ensure the trust documents are legally binding and comply with state laws. An experienced lawyer can also help one to avoid common mistakes that can lead to holes in their trust, such as failing to transfer all their assets to the trust.
Addressing Beneficiaries’ Concerns
Beneficiaries may contest the estate if they feel they did not receive what they were entitled to. A living trust lawyer can address beneficiaries’ concerns during estate planning. They can help one to set clear expectations for their beneficiaries and ensure that the trust documents reflect their wishes.
Updating the Trust
Life circumstances may change after one creates their living trust. For example, one may acquire new assets or have more children. If you don’t update your trust to reflect these changes, it can lead to holes in your trust that can lead to a contested estate. A living trust lawyer can help one update their trust to ensure it reflects their wishes.
In conclusion, creating a living trust is an excellent way to ensure that the assets are transferred to the beneficiaries without going through probate. A Glendale living trust lawyer can provide legal expertise, address beneficiaries’ concerns, and help to update their trust. Working with a Glendale living trust lawyer, one can ensure their wishes are fulfilled after death. Contact Ourfalian & Ourfalian .