Posted on: 14 December 2017
Wills and trusts are important aspects of your estate and your financial planning. You can amass as much as you want, but you can never take it with you. Thankfully, you have the free will to decide who gets what after your passing, but you need trust in your estate lawyer. You also want certain documents for free; is that possible? Here is more on that.
Confidentiality Establishes Trust
To create a trust, you must establish trust in your lawyer's ability to remain hush-hush. Regardless of what you hire a lawyer for, the lawyer must maintain confidentiality with anything he or she does for you. The reason for this is that lawyers understand that confidentiality helps build trust, which is essential in regards to the amount of your wealth and how you expect your wealth to be dispersed after your death. You are putting your trust in a total stranger to establish a trust for you, which would be much more difficult if your lawyer could not keep things between the two of you.
Charging Flat Fees
Some estate and probate lawyers will charge a flat fee for these services. You are generally paying for their time to draw up the documents, review the documents with you, and then file the documents. However, some younger lawyers will offer free filing of your will or establishment of your trust if you just pay for the time creating the paperwork. Others may offer free filing of the paperwork, if you pay only for their hours worked. If you can find such a lawyer, you can get your wills and trusts for free.
Exercising Your Free Will to Change a Will
When you decide that you need to change your will, you are free to exercise your free will to do so. In fact, you should know that you can change your will as often as you like. However, if you went through a lawyer that did not charge you to file your will the first time, he/she is also able to exercise free will and charge you for any successive changes and filings of your will. Make absolutely sure the first time that you are going to change the will and keep it that way. Otherwise your "freebie" will or your "freebie" trust establishment is no longer free and you may pay a lot to revise either one of these legal documents or account establishments.
Contact a firm, like Barrett Twomey Broom Hughes & Hoke LLP, for more help.Share