Top Petersburg, VA Trusts Lawyers Near You

Are You Thinking About Creating a Trust?

Are you thinking about creating a trust? If so, a Petersburg trust attorney can help you set up the trust and appoint a trustee. Creating a trust can be complicated but it does not have to be. With a skilled trust attorney, you can be assured that your trust is accurately set up.

An Overview of Trusts

Creating a trust establishes a legal entity that holds property or assets. A trustee is appointed and that person manages the trust for a beneficiary. There are many different types of trusts and many different reasons why to set up a trust. An attorney can discuss your options with you and set up a trust for you.

How an Attorney Can Help

An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.

Tips on Approaching an Initial Attorney Consultation

• Use the consultation as a means of gaining a better understanding of your legal situation.
• Ask the attorney how many cases similar to yours he/she has handled. An attorney’s experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
• Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
• Determine how comfortable you are working with the lawyer and/or law firm.

How much does it cost to hire an attorney?

In general, how much an attorney costs will often depend on these four factors: billing method and pricing structure, type of legal work performed, law firm prestige, and attorney experience. Depending on the legal issue you are facing, an attorney may bill you by the hour, settle on a flat fee, or enter into a contingency fee agreement. The type of legal work you need help with will also play a role in cost incurred.

Common legal terms explained

Personal jurisdiction – Requirement that a particular court have authority over a person, in order to bind that person to the judgment of the court, based on minimum contacts. International Shoe Co v. Washington is a landmark Supreme Court case outlining the scope of a state court’s reach in personal jurisdiction.