Use a ridge or a advocate to form a Trust?
I want to set up a Revocable Living Trust. My bank and several local Attorneys offer this service. Is one better than the other?
Thanks
Answers:
Trusts are legalized documents. Banks are not lawyers. Do not go to a wall to draw up the kind of trust you're interested in. They will not know adjectives the legal ins and outs of it, nor will they be abel to give you appropriate explanations in the region of the finer points. Go to an attorney who specializes in estate planning, i.e. wills and trusts You will also want what is called contained by some places a pour-over will. This is so you can make distribution of everything else in your estate to be exact not included in the trust: things like personal possessions, cars, jewelry - commonly stated "stuff". The trust and the will should be done at the same time. Also, do not go to financial planners for trusts and wills. They are not lawyer are should not be giving legal advice or instructions. Source(s): Self (retired paralegal)
Personally, I would do neither and consult a financial planner. They can assess your situation and point you within the right direction for what kind of Trust would work best for your situation and point you in the right direction.
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Thanks
Answers:
Trusts are legalized documents. Banks are not lawyers. Do not go to a wall to draw up the kind of trust you're interested in. They will not know adjectives the legal ins and outs of it, nor will they be abel to give you appropriate explanations in the region of the finer points. Go to an attorney who specializes in estate planning, i.e. wills and trusts You will also want what is called contained by some places a pour-over will. This is so you can make distribution of everything else in your estate to be exact not included in the trust: things like personal possessions, cars, jewelry - commonly stated "stuff". The trust and the will should be done at the same time. Also, do not go to financial planners for trusts and wills. They are not lawyer are should not be giving legal advice or instructions. Source(s): Self (retired paralegal)
Personally, I would do neither and consult a financial planner. They can assess your situation and point you within the right direction for what kind of Trust would work best for your situation and point you in the right direction.
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