How to Research Estates, Wills, and Trusts

Although many people turn to the Internet when they begin to plan their estates, wills, and trusts, it is important to remember that the information is general and may not be up-to-date or valid in the state where you reside. Attorneys, courts, and financial planners located in your area are your best choice to get reliable about wills and trusts that is suited to your individual needs and goals.

Difficulty: Moderate

Instructions

1. Get a free consultation with an attorney. Most private practice lawyers offer free initial consultations for new clients. Generally, estate planning attorneys will offer you one free hour to discuss your particular circumstances and evaluate what type of will or trust would best meet your needs.

2. Review legal digests and consumer information articles available at the courthouse or library. The Clerk of the Court and legal aid offices in your city can provide you with information packets regarding your state’s laws that govern estate planning, wills, and trusts. If you have further questions about the requirements regarding you will, trust, or estate plan they may also be able to refer you to an attorney in your area.

3. Talk to an accountant or financial planner. Your tax preparer or investment consultant may be able to advise you on what type of will and trust will best help you protect your assets, provide for your beneficiaries at the time of your death, and help your heirs avoid inheritance taxes.

[w1127]

on 8/1/2009 I have been looking for such info, thanks for the tips.