Lead Counsel independently verifies Irrevocable Trust attorneys in West Fargo by conferring with North Dakota bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.
An irrevocable trust is a trust that cannot be modified or terminated without the beneficiary’s permission. This type of trust is generally used for tax purposes. In establishing an irrevocable trust the grantor, the person making the trust, transfers ownership of assets to the trust and can no longer be taxed on those assets.
Establishing an irrevocable trust is a significant undertaking and you will benefit from consulting a West Fargo trust lawyer. The lawyer can assess your situation and advise you if an irrevocable trust is in your best interest. The lawyer can write the trust’s provisions and ensure the trust conforms to your state’s applicable law.
No matter what your legal issue may be, it is always best to seek legal help early in the process. An attorney can help secure what is likely to be the best possible outcome for your situation and avoid both unnecessary complications or errors.
An attorney consultation should provide you with enough information so that you can make an informed decision on whether to proceed with legal help.
Plaintiff – a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.
Judgment – A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.