Is now the right time for you to create a living trust? It's very possible now is the best time. If that is the case you should discuss your estate planning goals with a Rhode Island living trust attorney. They are easy to locate in Providence, Cranston and Newport. There are estate Lawyers all over Rhode Island ready to answer your questions and create your trust.
A living trust can be a time and money saver for your beneficiaries when it comes time to disperse of your assets. Avoiding probate court is one of the primary uses of a living trust. If your net worth warrants this kind of planning the ease of dispersal should be greatly appreciated by your heirs. If they can bypass probate court in Rhode Island, and possibly other states, that is more money in their pockets. The only winners in probate court are lawyers and governments.
If you are passing on an estate valued at over a million dollars there are ways of avoiding an estate tax penalty.
Not
that taxes are bad, but would you rather your money go to your loved
ones or the federal government? This type of estate planning requires a
professional because it is so complex.
Some living trusts can be quite simple and easy to create. You should have the proper forms, books and software. Click these links and see how easy it is.
There are many different types of trusts and most of them are best handled by an attorney. We urge you to read our page about not doing your own trust.
The more assets you have, the more complex the process becomes, and the
more our reasons for not doing it yourself make sense. You may or may
not use a Rhode Island living trust attorney to write and file your
trust for you, but we hope you at least talk to one.
We'd love to hear your comments or opinions. Submit them here and other visitors can read them and comment on them. An e-mail address is not required.
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