2007-12-14 10:54:17 · 5 answers · asked by Huynh T 2 in Business & Finance ➔ Personal Finance
A bank will have trust services. Preparing forms and providing legal information is completely legitimate and within the armament of the banking industry. Providing legal advice is illegal such as what many people do day to day in real life or on the internet.
You can purchase a book on trusts at B&N. Better yet, check one out from the local library. If your estate is small and your circumstances far from extraordinary, it is a simple cut and paste exercise as you will likely choose to create a living trust with pour over will and durable POA. If you are still hesitant to draft one on your own, go to the bank. They will set up a meeting with an adviser.
2007-12-14 13:24:23 · answer #1 · answered by Legend 4 · 0⤊ 0⤋
The bank WON'T create the trust documents because they are NOT attorneys. Practicing law without a license is not legal in the US. Technically, you could prepare the documents yourself, but along with 99% of the population, you don't appear to now how. Therefore, you SHOULD consult an attorney. I have assumed a trust is actually a good way to do whatever you are trying to accomplish. A financial adviser may suggest another option.
2007-12-14 20:15:46 · answer #2 · answered by STEVEN F 7 · 0⤊ 1⤋
It is unlikely the bank will create a trust since it would be a conflict of interest for them to create and administer the trust (if you are asking them to do that part). An attorney or in some areas a paralegal can create one for you.
2007-12-14 19:14:15 · answer #3 · answered by jon b 4 · 0⤊ 1⤋
I found this lecture on estate planning that will help you alot. If you have itunes go to itunesU and you will find a texas tech university seminar titled, "Estate planing for financial planners" hope this helps.
2007-12-15 09:06:46 · answer #4 · answered by dennisgonzalezdgm 4 · 0⤊ 0⤋
your best option is to seek advice from a lawyer
2007-12-14 19:16:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋