If you are preparing a trust, it is important to seek legal counsel from an experienced legal professional who will help guide you through the process. When you prepare a living trust, you will select a person to hold the legal title to specific assets such as property, jewelry, or other items; this person is known as a “trustee.”
We can help you choose the right trustee to handle your assets; this could be a relative or close friend or even yourself. You will even have the option of appointing a lawyer or bank as the trustee. Because every person has a different situation, we will help you figure out what is right for your specific needs.
Preparing a living trust is important so you can rest assured that your loved ones are taken care of after you die. If you do not have a living trust, your property will have to go through the probate process, which can take time. Your assets may be used to pay off any outstanding debts and taxes. Whatever is left over will then go to your loved ones. By preparing a living trust, you can avoid the hassle, and make sure your property and assets will be distributed according to your wishes.
For more information about the importance of a living trust and the process itself, contact the experienced Moore County living trust attorneys at Kelly & West.