Trust Attorney in St. Tammany Parish
Why Should I Get a Living Trust?
A living trust may look like a will, but it’s far from it. Put simply, a living trust allows you to place your entire estate in the hands of a trustee while you’re still alive. Upon your death, this trustee is tasked with distributing your assets and property to your beneficiaries according to your instructions.
When people plan their estate, whether or not they want to establish a living trust ultimately comes down to personal preference. A major component of that preference, however, is whether or not they want they have assets and real property that will go through succession, which is known as probate in other states.
Having a trust established can help you ensure your affairs are in order and good hands while you’re still alive. Our trust lawyer in St. Tammany Parish can field and questions you may have about this process, or help you establish your living trust today.
Living Trusts in St. Tammany Parish: Local Insights and Resources
Living in St. Tammany Parish, you understand the importance of planning for the future, especially when it comes to your estate. Our community is known for its close-knit neighborhoods and strong family values, making it essential to ensure your assets are protected and distributed according to your wishes. The St. Tammany Parish Clerk of Court and the St. Tammany Parish Assessor's Office are key local government entities that play a role in estate planning and property assessment, respectively.
One common concern among residents is the potential for lengthy and costly succession processes. Given the unique legal landscape in Louisiana, avoiding probate can save your family significant time and expense. Additionally, privacy is a major consideration; succession records are public, but a living trust can keep your affairs confidential.
Our firm understands the specific needs and concerns of St. Tammany Parish residents. Whether you live in Covington, Mandeville, or Slidell, we are here to help you navigate the complexities of estate planning. We know the local regulations and can guide you through the process of establishing a living trust that meets your needs.
For more information about creating a trust, contact Lindsey S. Olsen, Attorney at Law online or by calling (985) 256-3553.
Why Would I Want to Avoid Probate?
Succession, also known as probate, is the legal process for transferring ownership of a deceased person’s assets and property according to their will, or to a legal heir if no will can be found.
Bypassing this process with a living trust has a few benefits:
- Avoid delays and expenses associated with succession procedures
- Avoid strife among heirs who may challenge your will and testament
- Privacy – probate and succession records are accessible to the public
Establishing a living trust is one way your estate can avoid succession – but not estate taxes – when you die. With a living trust, division of all assets and property in your estate can be handled within your family and without getting the legal system involved.
If you’re seeking to establish a living trust to look after your loved ones when you’re gone, contact Lindsey S. Olsen, Attorney at Law. We offer consultations in person or over the phone: (985) 256-3553.
