It is imperative individuals make sure they seek help from a living trust attorney so they can make sure their estate will be adequately taken care of upon their death. If proper estate planning is not carried out, an individual’s family members could end up dealing with a big mess. With this information, individuals will know what they can expect from a living trust attorney.
How Can an Attorney Help?
Attorneys help their clients ensure all of their wishes for their estate are taken care of. Although a person could draw up their own will without any outside help, this will not always be legally binding and could end up causing problems for the beneficiaries. One of the most significant issues people face when dealing with a will is probate.
Probate is a process that takes place in the court and is meant to prove the will is legally binding. This can take weeks or even months and can end up causing significant delays in allowing the beneficiaries to be able to receive their inheritance.
An attorney helps their client set up a revocable living trust that allows individuals to be able to avoid probate. If a revocable living trust is not in place and the estate is valued over $100,000, the estate will have to go through probate.
What Is Involved in a Revocable Living Trust?
There are several steps involved in setting up estate planning Honolulu. The attorney will help their client through each step in the process which includes the following.
The Long Form Trust is the most critical document in the process and speaks of all of the property placed in the trust.
The Trust Certificate contains the most important information provided in the Long Form Trust.
The Advanced Health Care Directive outlines a person’s wishes on their health treatment, should they become incapacitated.
The attorney will also help their client create a Durable Power of Attorney.
The Conveyance Documents will also be filled out by the attorney.
If you are in need of estate planning, it is imperative you meet with the estate planning attorney in Honolulu. Call the office right away so you can get started on the process. With the help of an attorney, you can rest assured that all of your final wishes for your property and your health care will be carried out. Working with an attorney will help to ensure the documents are made legally binding.