A trust attorney is an estate planning lawyer who specializes in helping settlors, trustors, heirs, and beneficiaries. Whether setting up, maintaining, receiving an inheritance, administering the trust, or preventing probate, trust attorneys are essential in handling those transactions.
What Does a Trust Lawyer Do?
A trust lawyer sets up a trust to protect your loved ones and ensure that your assets are distributed according to your wishes. A trust prevents probate, which keeps your heirs or beneficiaries from receiving your assets. If you want them to receive those assets sooner rather than later and without any problems, you’ll need the help of skilled trust lawyers in Tampa, FL.
A trust also prevents anyone from contesting your will or trying to take advantage of your family by taking over your assets. With a trust, no one can touch those assets carelessly. If you’re wondering about the legality of the transaction, ask your lawyers to talk to you about federal and state laws. You’ll want to know about tax and legal consequences once an inventory of your assets has been performed.
Where Do I Look for a Trust Lawyer?
Start with your location. Look for a local firm with experienced attorneys on board. How much experience do they have? What kind of cases do they specialize in? What’s the extent of the assistance you can expect if you hire the firm? Some clients only need a lawyer to set up a trust. Some want a lawyer to update a trust or modify its existing terms and conditions.
Trust or Will: Which One is Better?
It will entirely depend on your needs. Your lawyer should talk to your financial adviser, financial planner, or accountant. If you have complicated assets or want to protect the privacy of your heirs or beneficiaries, a trust is more advisable.