Top New Orleans, LA Trusts Lawyers Near You
201 St. Charles Ave, Suite 2700, New Orleans, LA 70170
3850 North Causeway Blvd, Suite 630, Metairie, LA 70002
400 Poydras St, Suite 2400, New Orleans, LA 70130
3813 N Causeway Blvd, Suite 200, Metairie, LA 70002
90 Louis Prima Dr, Ste. A, Covington, LA 70433
701 Poydras St., Suite 3640, New Orleans, LA 70139
1833 Faith Pl, Terrytown, LA 70056
400 Poydras Street, Suite 2145, New Orleans, LA 70130
4907 Magazine St., New Orleans, LA 70115
4040 Desoto St, Mandeville, LA 70471
1801 Carol Sue Avenue, Terrytown, LA 70056
110 James Drive West, Suite 200, St. Rose, LA 70087
201 St. Charles Avenue, Suite 4400, New Orleans, LA 70170-4400
3114 Canal Street, New Orleans, LA 70119-6202
Oakwood Corporate Center, 401 Whitney Ave Ste 500, Gretna, LA 70056-2588
201 St. Charles Avenue, 40th Floor, New Orleans, LA 70170-4000
601 Poydras St., Suite 2355, New Orleans, LA 70130
2955 Ridgelake Drive, Suite 207, Metairie, LA 70002
201 St. Charles Avenue, New Orleans, LA 70170-5100
909 Poydras St, Suite 3600, New Orleans, LA 70112
3300 Canal St, Suite 175, New Orleans, LA 70119
607 Belle Terre Blvd, Suite A, La Place, LA 70068
1100 Poydras St, Suite 2870, New Orleans, LA 70163
1100 Poydras Street, Suite1500, New Orleans, LA 70163-1500
One Lakeway Center Ste 1450, 3900 N Causeway Blvd, Metairie, LA 70002-7251
New Orleans Trusts Information
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What Is a Trust?
A trust is a legal arrangement in which you transfer your assets to another party to hold and manage for the benefit of your beneficiaries. Trusts are widely used in estate planning to ensure that loved ones are financially secure in the years to come. Because trust and estate laws can be complicated, it is recommended to consult with a trust lawyer near you, as each state has its own laws. There are several distinct types of trusts, including:
- Asset protection trusts
- Charitable trusts
- Constructive trusts
- Family trusts
- Irrevocable trusts
- Living trusts
- Revocable trusts
- Special needs 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 Louisiana 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 Louisiana 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 New Orleans?
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