Yes, we believe it’s always advisable to seek legal assistance when funding a trust, especially when you’re dealing with the nuances of what type of trust you want, what type of assets you want placed in the trust, determining the list of assets, understanding the tax-related consequences of how items will be titled if they are transferred, long-term issues like Medicaid eligibility, five-year look back periods, the effect that the trust may have on long-term care situations, penalty clauses, spouse issues involving joint trusts, etc. All of these things have their own requirements and consequences, so it’s always advisable to seek legal counsel from someone who handles estate planning and can help you through this minefield.
For more information on Attorney’s Involvement In Funding A Trust, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling (864) 982-5930 today.
