Could Your Trust Weather Any Storm?

12:56 pm Uncategorized

Hurricane1 Could Your Trust Weather Any Storm?Many people mistakenly believe that they have a simple estate, or one over which there won’t be any dispute. These people may choose not to obtain the help and guidance of an asset protection lawyer who can handle every aspect of estate planning procedures to the letter of the current laws and in a manner that does not leave anything open for interpretation. What can ensue, then, is an attack on the estate.

Your estate and its assets may be subject to unnecessary probate or could take a hit for several reasons. The first and most easily avoidable is how formally and technically the trust, will and estate plan were put together. In other words, if the documents were not written, filed, and handled in the proper legal manner, there are more likely to be errors that can make your assets vulnerable.

Be careful whom you trust and know that who you bring to the table with your attorney will have an influence on your decisions and how things proceed. The person(s) you choose to be with you when making decisions or those who are witnesses to the execution of your will must absolutely have your best interest at heart. Never bring someone who overpowers you or tries to take the floor. If it’s best for you to meet with your attorney alone during the planning process, do that – it will keep you from being unnecessarily influenced by parties that may not have a stake in the trust.

Last, make sure you’re not pulling the wool over your own eyes – if you’ve been diagnosed with Alzheimer’s disease, or another progressive mental illness, finding this out after your death could nullify your will if it is found to have been signed after a diagnosis. The best thing you can do is contact your lawyer and let them help you take the proper steps to safeguard your assets and your loved ones.

Get started by contacting our Orange County asset protection estate planning law firm as soon as possible.

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