North Dakota Living Trust Attorney

North Dakota may be a small state population wise -- but even in Fargo or Minot -- or anywhere else in ND -- people are looking for a North Dakota living trust attorney.

Of course not everyone needs a living trust. You can read more on this site about their advantages and disadvantages.

However, there's no doubt that over the past 20 years or so, revocable living trusts have exploded in popularity. It used to be that only the super rich used them. But, more and more, people of all income levels are realizing the many reasons to have a living trust.

Living trusts are usually drafted by an estate planning attorney who specializes in probate and estate issues. The way they work is essentially you transfer your assets into the living trust. This process is called funding the trust. The process involves putting your assets in the name of the trust.

However, most commonly revocable living trusts are used and normally you would be the trustee of the trust. Because you are the trustee and the trust is revocable, you essentially remain the owner of the assets.

Because you still control the assets, with a revocable trust, you are still taxed on income from the trust. So, there is no tax advantage. But, as noted above, there are numerous other advantages. The ability to avoid probate is probably the biggest advantage for most people [actually the advantage is actually experienced by your heirs. :)] Anyway, click on over to the "advantages" page linked to above if you want to read more.

Many people ask if they can prepare their own living trust or if they should have an attorney do it. We have a pretty strong opinion about this issue and discuss it in depth at Don't Do Your Own Living Trust.

You'll see on that page that we really feel, for many reasons, that having a good living trust attorney prepare your living trust is well worth the money.

Then the question becomes: How do I find a North Dakota living trust attorney?

There's no one "right" answer to that question. We always encourage people to ask their friends and associates if they know of a good estate planning attorney with experience preparing living trusts. Recommendations from people you know and trust is probably the best way to find a good living trust attorney in North Dakota.

However, there is an on-line service we can recommend as well. It is Legal Match. If you go their website you'll find that they have a free "matching" service that allows you to easily find a North Dakota living trust attorney. If interested, check it out through the link below.

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