Top Kirkland, WA Irrevocable Trust Lawyers Near You

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Kirkland Irrevocable Trust Information

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Find a Kirkland Irrevocable Trust Attorney in your area

The Purpose of an Irrevocable Trust

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.

Are You Planning on Creating an Irrevocable Trust?

Establishing an irrevocable trust is a significant undertaking and you will benefit from consulting a Kirkland 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.

Best Time to Seek Legal Help

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.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

How will an attorney charge me?

A reputable attorney will be very upfront about how he/she will charge you. The three most common fee structures that attorneys use to charge for their services are:

  • Bill by the hour
  • Contingent fee agreement
  • Flat fee agreement

Depending on your specific legal situation, it’s possible that only one type of fee structure is available. For instance, criminal defense attorneys almost always bill by the hour. In a flat fee arrangement, an attorney accepts a one-time payment to help you resolve your issue. With a contingent fee agreement, the client pays little to nothing upfront and the attorney receives a percentage of the money recovered if you win your case.

Common legal terms explained

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.

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