Top Durham, CT Revocable Trust Lawyers Near You
294 Millstone Rd E, Waterford, CT 06385
20 Maple Avenue, Windsor, CT 06095
15-2 Cornerstone Court, Plantsville, CT 06479
100 Pearl Street, 10th Floor, Hartford, CT 06103
Cityplace I, 185 Asylum Street, Hartford, CT 06103
693 Bloomfield Ave., Suite 200, Bloomfield, CT 06002
One Constitution Plaza, 5th Floor, Hartford, CT 06103
576 Farmington Ave, Hartford, CT 06105
141 Broadway, PO Box 510, Norwich, CT 06360
52 Eugene O'Neill Dr, New London, CT 06320
PO Box 333, Kent, CT 06757
Blue Black Square, 75 Isham Rd Suite 300, West Hartford, CT 06107
PO Box 298, Falls Village, CT 06031
75 Isham Road, Blue Back Square, Suite 400, West Hartford, CT 06107-4993
1 Liberty Square, Suite 208, New Britain, CT 06051-2664
864 Wethersfield Ave., Suite 2, Hartford, CT 06114
203 Main Street, 300 Plaza Middlesex, Middletown, CT 06457
20 Church Street, Hartford, CT 06103-3402
750 Main Street, Suite 902, Hartford, CT 06103
2301 Silas Deane Hwy, Rocky Hill, CT 06067
487 Spring St, Suite 201, Windsor Locks, CT 06096
16 S. Main Street, PO Box 140, Putnam, CT 06260
90 State House Square, Hartford, CT 06103
231 Farmington Avenue, Farmington, CT 06032
773 Main Street, Manchester, CT 06040
Durham Revocable Trust Information
Lead Counsel Verified Attorneys in Durham
Lead Counsel independently verifies Revocable Trust attorneys in Durham and checks their standing with Connecticut bar associations.
Our Verification Process and Criteria
Ample Experience
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Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
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What Is a Revocable Trust?
Living trusts are generally set up as revocable or irrevocable. With a revocable trust, the grantor can make changes to the trust during their lifetime. Generally, the grantor can use the assets during their life but still set aside money to provide for their loved ones when they die. However, a revocable trust does not have the same tax and limited asset benefits as irrevocable trusts.
What Are Some Examples of Situations Where I Might Need a Trust and Estates Lawyer?
Most people think of a trust as something they only need to consider when they pass away. However, a trust can be something you can benefit from during your life and provide for your family after death. Trust planning can help manage property and assets, gain tax advantages, and avoid probate. You should consider a trust when you:
- Have significant financial assets or property
- Have family members with special needs
- Want to distribute assets to charitable groups or religious organizations
- Want to protect your privacy
- Need to preserve assets for minor children
- Have major life changes
How Can a Trust Lawyer Help Me?
An experienced lawyer can give you the backing you need to navigate the legal system and find the best possible results for your case. Because laws are different from state to state, speaking with a lawyer in Connecticut is critical in understanding all the elements of your situation and making the best decisions when it comes to your estate planning. A trust lawyer can help with:
- Trust creation
- Asset management and protection
- Estate planning
- Trust administration
- Modification or termination of your trust
- Trust disputes and litigation
What Could Happen if I Don’t Hire a Trust Lawyer?
If you don’t hire a trust lawyer, your assets will pass under Connecticut probate laws. Probate can tie up your assets for months or years. If your beneficiaries are fighting over the assets, it can take longer and cost your estate money. With a trust, the property can pass outside of probate. You can also have more control over what happens to your estate after death. If you don’t have a trust, your loved ones may have to deal with:
- Estate taxes
- Delays in probate
- Fighting legal challenges over assets and property
- Property passing through intestacy
What Are the Top Questions When Choosing a Trust Lawyer in Durham?
These questions can help you decide if you feel confident that a lawyer has the qualifications, experience, and ability to manage your trust case. Many trust and estate lawyers offer consultations that allow you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What type of trust is most suitable for my situation?
- What are the benefits and drawbacks of creating a trust?
- How can a trust be used to address my specific concerns or goals?
- What is the process for creating and funding a trust?
- How will the trust be administered?
- What are the potential tax implications associated with a trust?
- How much will all of this cost?
Tips for Hiring a Trusts Lawyer
Taking the time to find a lawyer who is right for you and will represent your best interests is an important first step in protecting your finances. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about billing and fees
- Trust your instincts