what type of attorney does wills and trusts

How to find an estate or trust attorney?

An estate planning attorney handles wills and trusts. Due to complexities of laws, attorneys typically focus their expertise on several practice areas. Estate planning attorneys, for example, need to know the state-specific estate planning laws, probate laws, federal and state tax laws, property laws, and asset protection laws.

Do you need a trust attorney to make a trust?

Jan 15, 2021 · Jan. 15, 2021. A Pennsylvania estate planning attorney specializes in wills and trusts. Unlike general attorneys, estate planning attorneys have strategies to protect wealth and reduce taxes when creating trusts, wills, and other documents. If you have yet to get a will or trust, consider going to an estate planning attorney for help.

What are the duties of a trust attorney?

Best Wills Attorneys near you. Glass Law Group, PLLC. 4.5 (2) Kevin D. Purnell, PLLC. American Wills & Estates. Rick Linn Attorneys At Law. Olen Law Office.

What kind of lawyer handles wills?

A wills and trusts attorney can help you write a will to make sure that you have all of the bases covered, even if you plan on living forever. How Do I Choose the Right Wills and Trusts Attorney? Wills and trusts are all part of estate planning, which …

What does a will and trust attorney do?

Wills and trusts attorneys cover the area of law that you don't think about until something happens. Most Americans do not have a will or estate plan, which means if they pass away then their loved ones can face a legal mess. A wills and trusts attorney can help you write a will to make sure that you have all of the bases covered, ...

What is a will and trust?

Wills and trusts are all part of estate planning, which is a complicated and detail-oriented area of law. So it's important that your lawyer has experience and regularly practices estate planning. They will also be in your life and be representing you when your life is over, so it’s important to find a wills and trusts attorney ...

What is a will and trust?

Wills and Trusts serve different purposes and often work hand-in-hand as part of comprehensive estate planning. As described above, your Will acts as an “instruction sheet”, telling the work how to handle your assets after you die.

What is a will and testament?

THE IMPORTANCE OF WILLS AND TRUST. A Last Will and Testament (or a Will) is one of the documents usually discussed while creating or updating your estate plan. A Last Will and Testament acts as a guideline of your wishes for the Probate Court and the authorized Personal Representative (formerly known as the Executor/Executrix) ...

Why do we need trusts?

A well-constructed Trust can also help minimize legal fees, estate taxes, and administrative fees.

When is a trust revocable?

A Revocable Trust is established during the Grantor’s lifetime. It’s most common for a Living Trust to be revocable, but that’s not always the case. Typically, a Living Trust evolves into an Irrevocable Trust upon the death of the Grantor (s).

Why is a living trust important?

A living trust can be helpful because the Grantor (the person setting up the trust) maintains full control over the Trust assets during their lifetime. That means you have the right to change the Trust terms at any point (as long as you are competent to do so) and with the assets as you wish.

What is a trust in estate planning?

A Trust can also be a valuable tool in estate planning. When you create a Trust, you are essentially putting your valuables in a virtual lockbox for safe keeping and providing instructions about how you want these valuables handled.

Can an irrevocable trust be changed?

An Irrevocable Trust, as its name implies, cannot be changed, or revoked after it is created. Once an asset is transferred to an Irrevocable Trust, the Grantor is unable to change the terms of the Trust (in most situations) and can no longer benefit from the assets being held by the Trust.