Connecticut Living Trust Attorney

Are you just beginning your estate planning, planning for your assets in the event of your passing? Is a trust part of your planning and would you benefit from consulting a Connecticut living trust attorney?

State laws vary in regards to how probate court is handled and how it can be avoided. Planning so that your beneficiaries do not have to go through the lengthy, and sometimes expensive, probate court is a reason to look closer at a living trust. The same state laws apply whether you are in Hartford or Waterbury so any reputable Connecticut living trust attorney can advise you about avoiding probate.

There are federal estate tax laws that can be affected by a properly created living trust. Generally speaking, your assets need to exceed one million dollars to save on estate taxes. When it comes to creating a trust for the purpose of avoiding estate taxes a professional estate attorney should always be consulted.

Owning property outside of Connecticut might be another reason to create a living trust. In most cases probate court can be avoided in multiple states saving your heirs time and money.

In most cases a will is also needed. A living trust takes precedence over a will although it does not replace it. Your estate planning attorney should be able to advice you on what should go into a trust and what is best handled in your will. Most of your stocks, bonds, real estate and other property should be placed into your living trust while custody issues of children and pets need to be in a will.

Your attorney can advise you on these issues and so much more. There is money and time to be saved for your beneficiaries by having a living trust properly created, or maybe not. A living trust is not for everyone, if in doubt, consult an expert.

Living trusts can be simple or complicated depending on your assets and personal needs. Visiting a website such as Legalzoom can help with all of the forms for a do-it-yourselfer. There are also books, forms and software available to assist you at this site.

Make Your Own Living Trust

We cannot over emphasize enough the importance of consulting a Connecticut living trust attorney to help and advice on all matters regarding your estate planning. If you can not get a solid recommendation from family or friends, always preferred, try Legal Match. There is never a fee until you actually hire an attorney.

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