Four Times You Should Call A Trust Attorney
Here are four times you should pick up the phone and call your Trust Attorney.
1. You Just Had A Baby
If you just had a baby or added to your family, you absolutely need an estate plan in place. If you already have a trust in place, you have to amend it to provide for that new child. Make sure that you contact us for help.
2. You Have Purchased A Home or Property
If you bought a home or an investment property, you absolutely need a trust in place. If you already have one, you need to make sure that new property is in the trust that you created. To include your new property in your trust, contact our office. At the very least we’ll just do a check up and say, “Yup, it’s in the trust. No need to worry about it!”
Update your estate plan if you and your spouse are now divorced but weren’t when you created your trust or if someone that you have named in your trust is now divorced. For instance, if your brother and your sister-in-law who were named as guardians for your children are getting a divorce, you need to make sure you update your guardianship provisions and remove your sister-in-law because she is no longer going to be your sister-in-law.
4. Experienced A Death In The Family
If one of the people that you have named in your trust as trustee, healthcare agent, or guardian has passed away, you want to make sure that you update your trust. It may be as simple as just doing a quick review and saying, “Great I have a backup person and I’m okay with that backup person, no need for changes”. Consider reevaluating the order of people that you have chosen, which also applies to you and your spouse. If you or your spouse have passed away, the surviving spouse needs to make sure that they contact an attorney.
If you experience any of these four situations, you absolutely need to pick up the phone and contact our office for a free consultation with our Trust Attorney. We would be happy to sit down with you and discuss your particular situation. Contact our office (818)649-9110.