Advantages of Using Paralegals for Document Preparation
When you want to have legal documents prepared, sometimes it may be too costly to go to a lawyer. A paralegal will help with document preparation and guide you on the best channel to follow to ensure your papers are properly documented. A good example where a paralegal comes in handy is in the preparation of documents related to living trusts. This is a legally recognized document that is meant to ensure your property is dispersed as per your will upon your demise. A living trusts gives another person or a firm the right to administrate your property the moment you sign proper documentation for the same. A paralegal will advise you on how to go about choosing the right administrator, who could be a friend, a family member, an attorney, or even an establishment such as a law firm.
What this means is that in the event of probate, only the items listed under your legal names will be subject to probate. Ideally, paralegals ensure asset transfer from your name to that of a trustee is professionally documented to avoid legal hitches during the execution of the trust. Failure to which the living trust will be null and void hence the management and distribution of the property will be decided by the state. Needless to mention, you can never compromise on the role that a competent and qualified paralegal plays when it comes to document preparation. The least a paralegal officer worth their name should do would be to advice you on what might befall your estate should you not take the time to follow the right document preparation procedure.
It needs no mentioning the fact that some unscrupulous individuals will often try to DIY-trust kits or living trusts that may not be feasible in reality, thus you ought to proceed with great caution. It is important to mention that most states today will only mandate lawyers and paralegals to sell living trusts, so you should tread with caution when you start receiving cold calls or spam emails. Living trusts are certainly advantageous when properly implemented, but can be quite costly in the long run if poorly executed. It is thus imperative to do a thorough homework to hire the right paralegal to guide in the right document preparation and to help ensure the assets are correctly transferred. Estate planning is not something most people enjoy doing, but it is a vital process when you want to enjoy peace. Be sure you get the right professional for the job, and you can enjoy the peace that comes with knowing your loved ones will be in safe hands.