Does your neighbor or best friend complain to you that if you don’t have a trust you will regret it? Everyone has heard of the word, but few people truly understand the benefits and drawbacks of trusts, let alone what kind of trust they may have. The truth is that not everyone needs a trust. The answer depends on what state you are a resident of when you die, and other factors including whether you own real estate in more than one state.
Read this handout and you will know more about trusts than that pesky neighbor who thinks you are doing everything wrong…
-Kathryn Bedell, Esq.
Advice from a Seasoned Estate Planning & Probate Attorney
1. Don’t get your estate planning documents online. I estimate that 99% of what I do is not preparing documents, but giving tailored advice for your unique situation.
2. Use online research, but only to educate yourself, as well as to compare and contrast attorneys.
3. Interview lawyers, by telephone or at your first office meeting – shop around and ask for price.
4. Make sure to use a lawyer who only focuses on estate planning.
5. If you are afraid to interview a lawyer, use word of mouth – ask your friends.
– Kathryn Bedell, Esq.