Faith, Ledyard & Faith PLC
888-350-8767 623-806-8994
view our practice areas In the section

Why is it useful to hire a trust fund lawyer?

Trust are often created in a person's lifetime in order to serve as a strategic way to avoid taxes and to manage wealth. They can therefore be extremely complex to manage, and although they are created to benefit the trustee, they can very easily go wrong.

This blog will give a brief overview on why it might be useful to hire a living trust lawyer that can give expertise and help you manage your living trust fund.

Trust fund lawyers can be reasonably priced, and the costs are highly likely to be recouped in the financial expertise and consequent actions you take because of the information received. Hiring a trust fund lawyer is likely to cost between $1,000 and $2,000.

Setting up your living trust

A living trust lawyer can help you to set up a trust. It can be possible to do this without a lawyer, but you may have very specific questions that need professional input. To start a living trust, you should start by defining the following:

  • The trust creator - most likely, you.
  • Choose a trustee who will manage the trust. This is most often the same as the creator of the trust.
  • A secondary trustee that will take management of the trust in the event that the original trustee dies.
  • The beneficiary - the person or people that will receive financial gains from the trust

Hiring the assistance of a trust fund lawyer

If you have any questions about setting up a trust fund, it could be useful to seek expert legal guidance that can give you the advice you require.

Source: Findlaw, "Do I need to hire a living trust lawyer?," accessed July 28, 2017

No Comments

Leave a comment
Comment Information
  • Lead Counsel Rated LC
  • Paul Faith David Ledyard Distinguished AV | Peer Review Rated | LexisNexis Martindale-Hubbell | For Ethical Standards & Legal Ability
contextual

919 North Dysart Road
Suite F
Avondale, AZ 85323

Toll Free: 888-350-8767
Phone: 623-806-8994
Avondale Law Office Map