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Hiring An Asset Protection Lawyer
Transferring property following the death of a loved one can be troublesome. Why bother with the complicated process yourself? Let our wills and trusts lawyers help you transfer property and assets quickly, and hassle free.
The time to act is now. Transferring property to a trust can help family avoid the messy probate process. The key is to transfer all your possessions to a revocable or irrevocable trust before you die. Assets in the trust will then be distributed according to your instructions.
Our trusts and wills attorneys can help you set up a trust so that property can be divided among your spouse and children. In most cases, a trust is more flexible than a will in that it can be set up to provide for children of many ages. A trust can also take into account which child needs more resources and provide for them. Wills generally tend to split property evenly among the beneficiaries. This may lead to lengthy probate contest hearings.
To cover assets and properties that may not have been added to the primary trust, a pour-over trust might be needed. The pour-over trust will then send any remaining properties and assets into the revocable or irrevocable trust.
Trusts tend to help families avoid painful death taxes and court costs associated with a lengthy probate process. Since probate laws vary from state to state, contact an attorney near you for help in transferring property and assets after death.
Survivors may also be eligible to receive your Social Security retirement or disability benefits. Eligibility is based on your earning record. It’s important to check your Social Security statement to double check the agency’s accuracy. Our wills and trusts lawyers can help you secure your spouse’s retirement or disability benefits.
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The simplest way to ensure that your funds, property and personal effects will be distributed after your death according to your wishes is to prepare a will.
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