There’s a lot to consider when you’re planning your estate. What family members get what assets? How much are you leaving to charity? Who’s going to handle your estate after you’ve passed? We also hear another big one: Should I create a will or a trust? Fortunately, your Vancouver, WA trust administration lawyer can keep the process simple. At NW Legacy Law, we’re ready to walk you through your next steps. Read on to see why you need a trust management attorney, and contact us today to get started.
Trust Administration Lawyer Vancouver, WA
If your family members don’t have a will or a trust after you’ve passed, dividing up your estate can be a complicated process. A court will decide who’s in charge of your estate (and it’s oftentimes not an ideal choice, either). Then, your loved ones will have to piece together your final wishes, before finally distributing your assets and paying off your debts.
A will makes the process much easier. After all, you’re leaving behind a useful road map for all of your family members to follow. But they’ll still need to go through probate, and probate means problems. Even with a will, your assets won’t magically teleport to your beneficiaries: Your assets will need to be tracked down, independently valued, and distributed through a probate court. There’s fees and taxes to be paid, and opportunities for infighting at every step.
Creating a trust is a great way to avoid probate. When you place your assets in a trust, they’re retitled in the name of the trust rather than your own name. They’re still your possessions, but after you die, they remain in the trust to be distributed as per your instructions. However, trusts require much more management during your lifetime, which is where your Vancouver trust administration lawyer can make a difference.
When you contact an estate and trust administration lawyer, you’re getting a legal professional who can help you manage your trust effectively. This can include straightforward input like walking you through the necessary paperwork, or it can be much more intensive: Many trustee representation lawyers provide legal advice so you can manage your assets responsibly and make sure those assets are fairly distributed in accordance to your trust’s terms.
Why Experience Matters In Trust Administration
If you’re adding or adjusting the assets or terms of your trust, you should work with a committed and experienced lawyer. At NW Legacy Law, here’s what we bring to the table:
- Over 30 years of combined experience: With over three decades of estate planning experience to draw from, we know the best strategies for protecting your assets.
- A broad range of practice: We’ve assisted clients with wills, trusts, probate, and more. When you get in touch with our team, we can help you with the whole estate planning process.
- A proven legacy planning process: Every estate is different, and so are every client’s needs. We’ll work with you to design an estate plan from the ground up.
Contact Us Today
At NW Legacy Law, we’re ready to help you plan your future. Contact us today, and see what a Vancouver trust administration lawyer from our team can do for you.
