If you are hoping to prepare an estate plan so that your assets go to the right people or organizations after you pass away, it would be highly beneficial for you to get a trust lawyer in Bergen County, NJ. Creating a living trust can give you the opportunity to pass on what is important to you to those you love. While there are many ways that a person may be able to create a trust on their own or with a self-service for creating a trust, you will likely be able to get the most out of it if you are working directly with a lawyer who specializes in estate planning.
Learning About a Trust
If you want to create a trust, one of the first steps will be deciding if you want a single or a joint trust. If you are married, you probably want a joint trust so that you and your spouse can put your assets and property into one trust. However, it is possible to still have a separate trust if you are married. Next, you will want to:
- Gather property information. A trust is only as good as the information in it. If you do not take the time to know what kind of property you have, you will not be protected well. Your Bergen County, New Jersey trust lawyer will be able to help you gather all the information necessary for your property.
- Determine a trustee. When you create your trust, you will need to establish a trustee. You can also name someone as a successor trustee. Many people choose to name themselves as a trustee and have one or more people identified as successor trustees when they pass away. You want to make sure this is someone you can fully rely on to take care of managing your estate.
- Transfer property. Once you have created your trust, you will need to transfer your property into your trust. This can become complicated and it will be to your benefit to work with a lawyer during this time so that you do not make any errors or leave anything out.
Don’t Hesitate to Secure Your Future
When you are doing something as important as creating a trust, you want to make sure you do not miss anything and that you have gone through every step. If you would like to learn more about creating a trust, contact Kaplan Law Practice, LLC to speak with a trust lawyer in Bergen County, New Jersey.