Trust Lawyer Elizabeth, NJ
Preparing for the future is something that many people put off until the very last minute, but it’s helpful to get started with estate planning as early as you can. Estate planning is not limited to the wealthy. Making decisions about your assets and wealth can be a difficult and long process, but you can get it done quickly and efficiently with the help of a skilled lawyer. One thing you may want to include as part of your plan is a trust, which helps you bypass the probate process. Reach out to an experienced and competent trust lawyer that the Elizabeth, New Jersey community looks to for legal assistance.
The reliable and highly skilled legal team at Theus Law Offices have years of experience helping clients with the estate planning process, which can be complex. If you need personalized legal assistance to establish your trust, you can depend on a top lawyer to help. We can help you develop the right estate plan for you no matter what your goals are. Schedule an appointment with us today to receive help.
Setting Up a Trust
A trust is an essential legal document and is an important part of estate planning. The purpose of establishing a trust is to protect your assets so that they are distributed to the loved ones and individuals you name.
There are a few different types of trusts: testamentary trusts and living trusts. A testamentary trust is made at the same time as a last will, and will not become active until the settlor’s death. In contrast, a living trust can be made while the settlor is alive, and are labeled as revocable or irrevocable. Talk to a lawyer to learn more about the two types and see which one is appropriate for what you are trying to achieve.
The Role of a Trust Lawyer
Hiring a trust lawyer that Elizebeth, NJ residents rely on can help you create your trust properly without issue. They will oversee the process and make sure that all your information is correct and accurate, and the trust will be legally recognized. A trust is a legally binding document so it’s crucial that every step is done right. Any mistakes can lead to costly delays and can be difficult to fix. If you are unclear about any part of establishing a trust, or any estate planning topic, they can answer your questions.
Questions You May Have
Estate planning involves many factors, and what you plan looks like depends on your goals and circumstances. Some questions you may have regarding trusts may include:
- Should I create a trust?
- How does a trust protect my assets?
- Can I have multiple trusts?
Not everyone may need a trust, but if you are not sure, it would be beneficial to speak to a trust lawyer and explain your circumstances. They will be able to give you legal advice about whether or not a trust is right for you. Contact a qualified trust lawyer that Elizabeth, NJ residents trust for assistance with trusts and estate planning. Call Wade Suthard, P.C. now.