What are the Legal Documents in Living Trusts?
The necessary legal documents in Living Trusts:
- a Trust
- a Last Will and Testament, also known as a Pour-Over Will
- a Financial Power of Attorney
- a Healthcare Power of Attorney
Could You Benefit from Living Trust Administration Services?
Trust administration services can remove the emotion associated with trust administration. An experienced estate planning attorney anticipates and acts upon events throughout the life of the trust, often saving considerable expense. As a result, an experienced trust administration attorney will largely alleviate tense situations between family members and beneficiaries.
How Do I Choose a Trust Administrator?
Naming an individual to carry out your final wishes can be very uncomfortable for a number of reasons. Thus, many people fail to put sufficient thought into choosing a trust administrator. The trust administrator you choose must faithfully follow each rule of your trust. They will have a significant amount of responsibility after your death. Obviously, you will want to choose a person you trust, who you believe will honor your wishes. It is also important to choose a person who lives fairly close to you. The administrator will be in frequent contact with the interested party for months—or longer—following your death. Make sure both parties are very clear as to your final wishes. In particular, there should be total clarity as which beneficiaries will receive which assets. Unfortunately, it is often not wise to choose a family member for this job.
California estate planning attorney Mark Gullotta offers upfront pricing, a comfortable planning experience, and will also inform you throughout the process. When you choose Mark Gullotta, Esq. as your attorney, you will enjoy peace of mind. He will accomplish your goals in a professional, honest, experienced manner. Contact Mark Gullotta today for knowledgeable legal representation for each step and legal documents in living trusts and every other estate planning issue.