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The creation of an express trust can be an effective way for some people to protect and transfer assets from themselves to others. Trusts can also help avoid the costs associated with probate, making the transfer of property easier and cheaper. If you are considering creating a trust for any reason you should contact an experienced express trust attorney for advice. Trust law is an extremely complicated area of law, and many jurisdictions require strict compliance with legal formalities for a trust to be effectively created. If these formalities are not followed exactly, it is possible that it the trust would not stand up in court, exposing you and your assets to unnecessary legal liabilities.
How Can a Trust Attorney Help You?
Because significant assets may be at issue, it is important to make sure that your trust is created in compliance with the applicable law. An experienced trust attorney can help you in the following ways:
- Determine whether a trust is appropriate for you and the goals you are trying to achieve
- Assist you in determining who to name as beneficiaries
- Determine what type of trust would best fit your needs
- Draft the trust instrument or will in compliance with the applicable law of your jurisdiction
These are just a few of the ways in which a trust attorney can assist you in creating an express trust. In addition, an estate planning attorney may alert you to tax or other liability issues that you had not yet considered.
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