2006-12-04 12:46:43 · 4 answers · asked by susan c 1 in Politics & Government ➔ Law & Ethics
While technically no lawyer is needed, you should consult one anyway because every situation is different. Any property, real, personal, or intangible must have legal title pass to the trustee to be valid so recording may be needed especially if real estate invovled. If you are smart enough and rich enough to be messing with a trust, then you should be smart and rich enough to fork over a couple of hundred to seek competent advice.
2006-12-04 13:32:18 · answer #1 · answered by Unknown Oscillator 3 · 0⤊ 0⤋
It can't lay around in a cigar box, hoping to be found when it's time. This is a very uncertain world we live in, with too many possibilties for disaster.
The reason you have to get a lawyer involved is because:
No one's situation or future is guaranteed to go a certain way, therefore,
Only a lawyer can make sure everything is clearly defined, and your wishes are totally covered in every possible situation. If he's any good at all, he will suggest possibilities and potential problems that you never thought of, and make sure your wishes are clearly stated to cover those possible problems .
2006-12-04 20:57:10 · answer #2 · answered by His Old Lady 3 · 0⤊ 0⤋
There's no lawyer or paralegal required if you don't have a lot of property or taxable things. For simple things, you can just get it notarized and keep it in your family safe.
2006-12-04 20:54:40 · answer #3 · answered by Kacky 7 · 0⤊ 0⤋
A trust is a separate legal entity. If it is not properly recorded, the trust does not legally exist.
2006-12-04 21:16:19 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋