Vermont living trust attorneys are in Burlington, Middlebury and Hardwick. They can probably be found all over Vermont. If you are considering a living trust, as part of your estate planning, we strongly urge you to talk to one. They are as easy to find as filling out a form at Legal Match.
Living trusts have become very popular for the purpose of letting your heirs disperse of your assets out of probate court. A living trust is also a well known vehicle used to avoid estate taxes levied against very large estates. These are both very good reasons to create a living trust, but they do require adequate funds to make them workable.
Most
local governments allow estates valued at less than $100,000 to be
dispersed out probate court. If your assets are no where near that you
probably do not need a trust. The estate tax saving benefits usually
start at a million dollars, so that, of course, does not apply to
everyone.
Are you aware of the many other reasons for creating a living trust and the many types available?
With a little help some of these trusts can probably be written on your own. Web sites like NOLO and Legalzoom provide all of the books, software and forms you would need. As you are doing your living trust research be very careful to avoid scams. Use only trusted sites and only pay for the tools needed to create the trust, not creative ways of funding it.
While
living trusts are not for everyone, they do help a large number of
people with their estate planning. Learn all you can, prepare a list of
questions, and then see a Vermont living trust attorney. Maybe your
friends have already used one that they can recommend. State bar
associations often have a referral service.
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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