There are many people who think that signing the trust will solve the hassles of dealing with a probate process
. However, this could not be further from the truth. Expert research over many years shows less than a 50% success rate for people who attempt this process.
Ultimately, good estate planning involves far more than simply signing a trust.
There are multiple reasons for this. For one thing, trusts often fail because the assets were not properly transferred under control of the trust. When trustees are chosen poorly, they can fail, contributing to a high failure rate.
But wait; that is not all! Other very prominent reasons are there and perhaps the gravity of such reasons is heavier than the ones already mentioned. In majority of cases the trustees or the settler have little or no inkling about the multiple benefits they could enjoy with real planning for estate management. Nor they have ever contemplated using the services of a seasoned probate attorney that could guide them through the process conveniently and avoiding all hurdles coming on the way. Success of trust and estate management processes depend largely on intelligent decisions and that is where the failure cases were found to be wanting.
Importance of selecting the best of the Estate Planning Attorney cannot be undermined. Falling with some trust book salesman in the guise of estate attorney providing the client with boilerplate trust has become one of the common diseases in the field. More often than not such endeavor ends up in disastrous results for the client. Without proper consideration of the true requirements of the client such boilerplate trusts as well as the coordinating Trust Planning Attorney are normally destined to failure.Estate planning is serious business so please take your time and research your lawyer by using a google search. The best lawyers usually have great feedback from clients, keep an eye out.