Top Warwick, RI Revocable Trust Lawyers Near You
2 Dexter St, Pawtucket, RI 02860
One Citizens Plaza, Suite 500, Providence, RI 02903
1 Richmond Square, Suite 165W, Providence, RI 02906
321 South Main St, Suite 400, Providence, RI 02903
55 Memorial Blvd. - Unit 5, Newport, RI 02840
One Financial Plaza, Suite 2205, Providence, RI 02903
One Turks Head Place, Suite 1200, Providence, RI 02903
197 Taunton Ave, East Providence, RI 02914
56 Exchange Terrace, Providence, RI 02903
681 Hope St, Bristol, RI 02809
343 C Main St, Wakefield, RI 02879
PO Box 40988, Providence, RI 02940-0988
50 Kennedy Plaza, 11th Floor, Providence, RI 02903
55 Dorrance Street, Providence, RI 02903
1334 Mendon Rd, Cumberland, RI 02864
931 Jefferson Blvd, Ste 2004, Warwick, RI 02886
117 Metro Center Blvd, Suite 1003, Warwick, RI 02886
300 Centerville Road, Summit East Suite 100, Warwick, RI 02886
78 Kenwood St, Cranston, RI 02907
146 Westminster Street, 5th Floor, Providence, RI 02903
10 Dorrance Street, Suite 400, Providence, RI 02903-3987
999 Westminster Street, Providence, RI 02903
1301 Atwood Ave, Suite 215 N, Johnston, RI 02919
40 Westminster Street, Suite 1100, Providence, RI 02903
300 Centerville Rd Ste 300, Summit West Ste 300, Warwick, RI 02886
Warwick Revocable Trust Information
Lead Counsel Verified Attorneys in Warwick
Lead Counsel independently verifies Revocable Trust attorneys in Warwick and checks their standing with Rhode Island bar associations.
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Ample Experience
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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 Rhode Island 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 Rhode Island 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 Warwick?
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