You’ve probably heard that ‘everyone’ needs a trust. And that’s just not true.
The right answer is ‘it depends’.
It depends on what you own. It depends on what you want to do with what you own. It depends on why you might want a trust. It depends on your tax situation.
Anyone can give you a trust document. You can even fill out some fields online and have one printed for you for very little cost.
The big problem with this approach is that you don’t get the advice that you need to make an informed decision. It may be that a trust is just not right for your situation.
That’s why I recommend seeing an attorney and taking the time to explain what you really want. And then the attorney can customize an estate plan to fit your needs and wants.
It may cost a little more now, but it can save a lot later…..in money as well as in confusion and frustration.
Tags: Estate Planning, Lawyer, Trust, Virginia