If you check the internet for will vs. trust answers, case law, and statutes, you are sure to pull up a lot of information. The question here is not information availability. The question is figuring out which of these materials you can actually trust when it comes time to choose between a will vs. trust.
Sadly, if you did not spend three years in law school or you don't have a legal background, most of this will probably be confusing.
The problem is, if you don't want any headaches for the people who are going to be inheriting your property, you need to understand the difference.If you make the wrong decision, your assets may not transfer to the people you want and your family may have to go through the lengthy and expensive probate court process.
Start with State Bar Online Resources on Will vs. Trust
Check out your state bar's official website and look up will vs. trust to find information that is specific to your state. Will and trust law varies from state to state and online information tends to be generic.
Normally, most state bar websites have a knowledge base. These are basically articles published by practice groups within your state's bar association that tackle common issues regarding that practice area.
When it comes to will and trust law, the question of "Which do I pick, a will or a trust?" comes up all the time. So, there's a high likelihood that you will be able to find resource materials to help you answer this question on your state bar's online portal.
The best part? This material is going to be specific to your state instead of broad information that covers all 50 states.
Look for Online Information Written by Lawyers in Your State
Once you leave your state bar's knowledge base, your next step is to type in "will vs. trust" and then your state. For example, "will vs. trust Michigan." At that point, you should be able to pull up Michigan legal practitioners who have written articles about that issue. These are usually materials written by lawyers.
These can be really helpful because usually these articles are written by attorneys who practice this type of law and answer questions about wills and trusts for clients on a daily basis.
If you like an attorney’s website and you find that they have a lot of useful information, go ahead and schedule an initial consultation with the attorney to get your questions answered.
Cross-Reference with Actual Practitioners during In Person Consultations
While you are doing all of the research we described above, take down the phone numbers and contact information when you come across an attorney’s you may like to work with.
Also, keep a running list of additional questions you come up with and schedule an initial consultation with some of the lawyers you liked during your research. At your initial consultation, ask them the questions you have will and trusts and which would be best for your situation.
Author can be reached through web page rochesterlawcenter.com
About Author -Jim Turner is a USA based author of Legal issues related to estate planning, Will vs Trust , business law and elder law .Jim Turner does his best writing on these topics that helps users to find the best solutions to their FAQ on estate planning , probate , living trust and more about legal
family issues .
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