How Do I Update My Trust?
If you already have a Trust but need to change it, contact me. Did you put a Trust in place to take care of your children in case you passed away before them, but your children now have their own lives and don’t need the protections you put in place? Did you create your Trust years ago, and now don’t know if it will still accomplish your goals? If you have a Trust that doesn’t meets your needs, the Law Office of Mark Abell can help. Effective lawyer-client relationships are built on clear communication and trust. I will take the time necessary to listen about the details of your situation, and to advise you in a way that will address your questions and concerns.
Even if you already have a Trust, I can conduct a thorough review of any trust. I can help you answer the following questions you may have about your Trust:
- Who is the named trustee?
- What powers does the trustee have?
- How does a spouse, child, or other person get access to property in the Trust?
- What happens when property in the Trust was sold (or if you bought new property, how doe I transfer it into the Trust)?
- Does the Trust still effectively meet your goals under current tax and probate laws.
I can help you find out if another type of Trust will be better for your current situation. Or I can revise or replace an old Trust that no longer meets your needs. As a general rule, it is not expensive for me to review a trust. In all situations, however, I will provide you with a realistic estimate of the costs before starting.
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