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Creating a Living Trust, Continued

Welcome back. Our lawyer is here to help you with estate planning in Raleigh and creating a living will. If you missed our previous blog, be sure to visit back for more information.

Creating a Living Trust | Estate Planning in Raleigh

Once the living trust has been signed and notarized, the property and assets will be transferred into the trust. Transferring these assets into it will fund the living trust. Working with the attorney, again will help you better understand how the process of moving assets work.
Once everything is prepared, signed, notarized and transferred, it is important to store the document somewhere that is safe and secure. Also, make sure that you have a copy of it, as well. In many cases, trustee lets the successor trustee know where it is being stored so that they have access to it, should they need it.
Just like a will and other estate planning documents, living trust should be updated. Anytime there are marriages, divorces, births or deaths, they should be recorded within the document. Also, real estate deals should be accounted for, as well. Be sure to review the document at least once every two years. If things come up that need to be changed immediately, Contact her lawyer so they can help you get things situated.
Sometimes, living trusts seem complicated. However, they can be beneficial in certain situations. Contact our attorney to talk more about whether or not a trust might work better for you.

Eldreth Law Firm | Estate Planning in Raleigh NC

Remember, if you don’t have an estate plan in place or haven’t reviewed yours in several years, now might be the best time to start. Our estate lawyer is here to help you get your estate planning in order and ready should you pass in an untimely manner or become incapacitated at some point. It’s better to be safe than sorry when it comes to an estate plan. Contact our office.
As always, feel free to contact us at our office to schedule a consultation with if you are looking for a lawyer to represent you in other legal matters. We are here to assist you with small business needs, trademarking, copyrighting and  DWI issues.

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