Claremore Attorney J. Todd Willhoite

Trust Lawyer | Plan to avoid probate

This Article Written for Willhoite Law, PLLC

There is no one in this world who wishes to think of their death but death is something that’s inevitable. When the time comes for you to leave this world, your assets stay behind. Everything you have worked hard for will remain here, but you need to make sure they are left in safe hands. So before you passed away, it is needed that you can be certain that all your family is provided for.  And for this to happen, you need to come up with an estate plan. This means that you should plan your estate properly much in advance. Making arrangements in your final days is not solely for helping all your family through some of the toughest times within your lives; it is also about ensuring that your life’s efforts will not be wasted.

Most of the people feel they are healthy, and that nothing is ever going to occur to them so they do not need to bother with having a trust. If you got into a car accident or fell into a coma tomorrow it will be too late to ensure the future care of your loved ones. It will be awfully difficult during death for your loved ones to deal with your estate without trust.  

The biggest benefit of using a trust and the reason most people choose a trust is that it can make it so your estate does not have to go through a probate process. This can vary from state to state but in most states, because the property is not actually in your name when you die you can completely avoid the probate process. This can take a lot of pressure off any family members who are dealing with your property. 

If you want a secure future of your family and kids after your death then the most vital thing you will do in your whole life is to protect your family after your death with a trust. It is also essential to distribute those assets evenly so that all your wealth and properties are well taken care of after your time. In order to do that efficiently, you need to an estate planning with the help of a lawyer and set up a way to manage your hard-earned assets. The trust lawyer at Willhoite Law, PLLC can help you in creating a trust to hold the estate that would go to beneficiaries later.

Also, if you want to maintain your properties by yourself during your lifetime, setting up a living trust will ensure you that you have full control over your assets. It is vital that you choose the beneficiaries to whom you wish to hand over your assets after your time. Concentrate on finding the best lawyer to carry out your estate planning smoothly. Whether you decide to hire a trust lawyer in Willhoite Law, PLLC, make sure you hire someone who has years of experience in asset planning.

When you have been looking into ways of managing your assets, chances are you have heard a lot of talk about trusts. While this type of talk often comes along with a lot of complicated legal and financial language, there is one easy way to explain what trust truly is. Plain and simple, trust is the most effective way to manage assets. A trust not only provides you with a solid financial foundation for the future, but it also can allow you to reduce your taxes and decrease your exposure to liability.

 It especially useful to those with a high net worth, and those with a high profile in the community. Of course, a living trust can be set up for nearly anyone and has different benefits to offer different people. In general, it allows a person or party to dictate how his, her, or their money will be managed and distributed during their lifetime, as well as after their death. One key distinction that sets apart a living trust is that it is not subject to probate courts, possibly saving you and your beneficiaries time and money, in the long run.

Estate planning is making plans to trust your assets to someone responsible when you pass on. And to avoid difficulties during this process, it can be helpful to work with a lawyer. A trust lawyer at Willhoite Law, PLLC is a professional who is well versed with these issues, and who knows all the laws involved in that area. Finding a trust lawyer can be a daunting task. You need to be careful while you look for one because your precious assets are involved here; be it your cars, apartments, bank accounts, estates, businesses, etc. He should be competent enough to put things clearly so your beneficiaries will not have problems down the line. Toward this end, there are important attributes you need to look for in a competent lawyer.

You should ensure that whomever you are going to hire has experience in that field. Ensure that your trust lawyer has a license, check on his certificates and his working experience as well. He should display his professional skills in the way he counsels you, and in the options, he is giving you. The lawyer must also be ethical. He should give you advice that is legally accepted. Any lawyer who is giving you advice that is not legal and ethical will cause problems to your beneficiaries in the future.

Also, look for someone whom you can trust as a ‘friend’. He should be a person whom you can tell him everything and how you want your final affairs arranged. He should be a good listener and open-minded as well. Your lawyer should be in a position to offer you a personalized service and displaying a sense of seriousness and commitment to your matter. In this way, it is always better to talk with the lawyer who can understand your situation and is committed to providing you professional advice. When it comes to trust and estate planning then never look here and there as it is time to talk with a trust lawyer. These lawyers are hired to give you legal advice when you have assets to distribute or manage during or after death. These lawyers are responsible for the distribution of their client’s estate and will give you the advice that is really important to resolve your case.

Call Us