20 Jan Choosing A Trust Attorney
Find out about what a trust attorney does.
The attorney creates a trust on your behalf. He is able to also offer relevant legal assistance to the person named as your trustee. Did you know that a lawyer can be named as your trustee? Why should you choose a lawyer as your trustee? You may decide to choose a lawyer as your trustee if you have a big estate. You can decide to choose a lawyer as your trustee if you would you to make sure that your trustee is an unbiased third party.
What else should you keep in mind?
Here are some essential points that you need to think about. It is necessary for you to know that your attorney charges based on the service that he provides. He can charge an hourly rate or a flat fee if he is going to be creating or reviewing your trust. If you want your attorney to act as the trustee, then he generally does charge by the hour. This is useful information for you to take into consideration.
Learn more below.
One crucial topic that your attorney should discuss with you is disability planning. Disability planning is a really important topic, even though you may not like to think about the possibility of becoming disabled at a later stage in your life. Be prepared for any questions that your attorney may want to ask you. It is also a good idea to ask your attorney any questions that you might have.
In conclusion, it is vital that you consult a reliable trust attorney to set up your trust, if you would like to have a trust created. Make sure that you choose an attorney that you are happy with, to establish your trust.
DR MERVIN MESSIAS
JD (Juris Doctor) / BA, LLB (Wits) / TEP (Trust & Estate Practitioner) / MTP (Master Tax Practitioner – S.A)