Louisiana Living Trust Attorney

Have you learned enough about living trusts to know whether or not you need a Louisiana living trust attorney? Let's take a short review and then decide. If you would rather skip ahead to finding an attorney just click here.

The reason we recommend working with a Louisiana living trust attorney is that regardless of whether you live in New Orleans, Monroe or Shreveport the state laws will remain the same. The state laws that are well known by your local estate panning experts.

A living trust is a trust that is created while you are alive, as opposed to one that is created after your death. You place your assets into a trust and you maintain complete control over your trust, and the property you funded it with, until you die. At that time your appointed successor trustee takes over and disperses the trust in accordance to your instructions.

The main advantages to your heirs are that the property in the trust should be reassigned outside of probate court. If your holdings are large enough your heirs may avoid paying an estate tax they other wise would have to pay. If your living trust is funded with property outside of Louisiana it is possible for your beneficiaries to avoid probate in various states.

There are many other advantages for creating living trusts and you can read about them here. Different types of trusts can be written for many different reasons and you can read about those on this page. Learn more about funding your trust here and avoiding living trust scams here.

Now with the homework done are you ready to create a living trust? A simple trust can be created by using the forms provided at Legalzoom. NOLO provides books and software to make it easy for the do-it-yourselfer. You might, however, want to see how we feel about creating your own trust.

The more valuable your estate, the more complex your living trust may become. Many federal and state laws, regarding probate and estate taxes, come into play and it is very important that all the papers be filled out correctly. A living trust can be a great gift to pass on to your family but only if it works the way it is supposed to. Our best advice is to consult with a Louisiana living trust attorney.

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