A Hauppauge trust attorney offers representation to all those who are involved with the creation, management, or administration of a trust. We help those who are creating a trust to follow formalities and ensure that the trust is a legally valid one that provides appropriate protections. We assist trustees and trust administrators in fulfilling their fiduciary duty and managing all of their obligations. And, finally, we help those who have been designated as trust beneficiaries.
If you have been named as a beneficiary of a trust, this is a good thing since it means you are receiving an inheritance. However, because you are inheriting through a trust rather than through other means like owning property jointly with rights of survivorship or being the beneficiary of a pay-on-death account, there is a lot more complexity associated with the inheritance process.
You want to make sure you get the right legal advice when it comes to the inheritance that has been left to you, so you should reach out to a Hauppauge trust attorney. There are many key reasons why hiring an attorney makes sense, including the following three reasons why calling a trust lawyer is a smart move if you’re inheriting through a trust.
A Trust Attorney Helps You Protect an Inheritance
When you stand to inherit, you want to make certain that there is no money or assets lost in between the time when the deceased person who gave you the inheritance passes away and the time when you actually take ownership of the money and the property that has been left to you. A trust attorney can advise you on what happens after the death of the trust creator and can help you to monitor the actions of the trustee who is in charge of managing your new wealth until it is transferred officially to you.
A Trust Attorney Helps You Understand Your Obligations
In some cases, there may be certain conditions placed on your right to inherit. In other words, you may not be able to receive the money or property that has been put into a trust for you until you complete certain requirements. The trust that was created, for example, may require you to graduate from college or may require you to get married before you are actually able to inherit the money and property held within the trust. Your attorney can assist you in understanding the terms and conditions of your inheritance that were set forth in the trust so you will know exactly what it is that you need to do to receive the inheritance that you are expecting from your deceased loved one.
A Trust Attorney Helps You to Monitor the Trust Administration Process
After the death of a trust creator, the trust administration process is the process by which the assets that were left in the trust are transitioned to designated trust beneficiaries. The trust administration process is a much faster process than the probate process, which is one of the big reasons why so many people create a revocable living trust so they can transfer assets to their loved ones in a timely manner. However, this does not mean that the trust administration process always goes perfectly and finishes quickly.
Delays and other problems could arise during the trust administration process and your experienced attorney will keep you informed of any issues that occur which could slow the process down or even potentially prevent you from getting your inheritance at all. You need to have a legal advocate who can guide you through the complexities of the trust administration process to protect what is yours, so don’t want too long to get the right legal help.
Getting Help from A Hauppauge Trust Attorney
A Hauppauge trust attorney at Eghrari Wealth Training Law Firm provides help with these issues for trust beneficiaries, as well as assistance with any other legal issues that arise. We can work closely with you to create a comprehensive plan to monitor the trust administration process, make certain that the trustee is fulfilling his obligations and take steps to protect the wealth that you are supposed to inherit.
To find out more about the ways in which our legal team can help you as a trust beneficiary, give us a call at (631) 265-0599 or contact us online today. You can also join us for a free seminar to learn all about the trust administration process, about the process of trust creation and about how trusts can be used to benefit you and your loved ones. Call today to get started on working with an experienced attorney who can help you to make trust law work for you.