A living trust lawyer in Des Moines, IA is a valuable resource to have on hand if you’re finally ready to start planning for your future. Not everyone thinks about what should happen to their possessions once they die – but creating a will or a living trust is a great way to make sure your family is taken care of after you pass on.
A will is generally pretty simple to put together and manage, but a living trust takes a bit more work. Why would someone choose to create a living trust, and why would they want to get a living trust lawyer involved? The best way to answer these questions is to understand what makes living trusts worth the extra effort, and why a living trust is so important.
What is a Living Trust?
A living trust is a set of instructions that outline all of your assets and what should be done with those assets upon your death. On the surface, it sounds pretty similar to a will, but there’s a catch: A will is only active after you die. A living trust, on the other hand, is active the moment you sign on the dotted line. It’s where the term “living” comes into play – a living trust can be adjusted while you’re still living.
Because a living trust is active the moment you create it, you can add or remove assets whenever you wish, assuming you’re the trustee (the person elected to manage the trust). You can always opt to make an irrevocable trust, which means there’s no changes allowed – but those are a different story, and usually only necessary for really big estates. You can reach out to a qualified living trust lawyer in Des Moines, IA for more information on those.
Sounds great. Why do I need a lawyer?
It’s possible to create your own living trust. It’s also possible to skydive without a parachute. You really shouldn’t try either.
A living trust lawyer is a valuable resource for when you’re trying to set up important instructions for your family, friends, and other beneficiaries. Living trusts are complicated to set up, and there’s plenty of opportunity to make a critical mistake and void the whole thing. Fortunately, the right lawyer can help you navigate through all the legal hoops necessary to ensure your trust is legally enforceable.
Creating a living trust is a complicated procedure, and a living trust lawyer can help you keep your stress levels in check. They can also help you include any special instructions for family members who were relying on you before your death. Elderly parents, young children, and disabled adults can all be properly cared for in your trust if you reach out to an accomplished living trust lawyer.
Reach Out to Law Group of Iowa Today
If you’re ready to start planning out your living trust, you’ve come to the right place. At Law Group of Iowa, we know how important your family and friends are, and we’re committed to making sure they’re looked after upon your death. Reach out to us today for more information, and see how a living trust lawyer in Des Moines, IA can help you plan for tomorrow.