Article provided by: Meltzer, Lippe, Goldstein & Breitstone, LLP
Do you need assistance with wills, trusts, and estates? Speak to one of our trust and estate attorney in Long Island. Meltzer Lippe is the home to the most talented, experienced, and highly skilled attorneys in NY. Our trusted advisors are here to help you with estate planning and administration.
Do I need an attorney for a trust?
Hiring an estate planning attorney for making your living trust has a lot of benefits. An attorney can prepare your estate planning documents, especially if you have a complex estate plan. Furthermore, an estate planning attorney will have a thorough knowledge of your state laws and guide you accordingly in making your living trust. If you are making your living trust, make sure to take care of the following:
- Sign the living trust document in front of a notary public
- Check with your state laws as to how many witnesses are needed to make a living trust
- Transfer your property and other assets to the trust
Check with your local records office if whether you require real estate deed transfer documents to make a living trust. If yes, then you need to hire a trust and estate attorney in Long Island to prepare those documents. Call us for more information.
How much does a lawyer charge for a trust?
If you decide to have a living trust, you can either do it yourself or have a trust lawyer take care of it for you. A lawyer can charge anywhere from $1,200 to $2,000 for his services. A living trust allows you to transfer your assets and property to your minor children or a guardian after your death.
By making a living trust, you can avoid the expense of probate and save time for your beneficiaries. To build a living trust with the help of an attorney, speak to one of our attorneys today.
Difference between a will and a trust
A will is a document that has contains details of your legal representative that is responsible for carrying out your wishes after your death. On the other hand, a trust allows you to transfer your property before your death or afterward. A trust is a legal arrangement where a person called a trustee transfers his property to another person who is called a beneficiary.
Furthermore, a will passes through probate while a trust doesn't. This means that a court will interfere with making sure that after the death of a person, the property is handed over to the right person as per the deceased person's wish. In case of a trust, a court does not interfere with the process. A will is a public affair and becomes a part of public records, while trust is a private arrangement.
Hire our trust and estate attorney in Long Island for advice in matters like business succession, estate planning, and tax planning. At Meltzer Lippe, our attorneys can help you with last will, living will and living trust at affordable prices. Call us for more details.Trust And Estate Attorney Long Island
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