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. Working with a paralegal, you will be assured of professionalism when it comes to advice given on document preparation. Estate planning, and in particular living trusts, is one of those documents that are effectively handled by a professional legal document preparer. Through a living trust, you are able to define within the constraints of law how you wish to see your assets dispersed. Through living trusts, you are able to transfer all assets from your name to a person or firm of your choice; thus giving them the legal mandate to administrate it. 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.
Such living trusts that are prepared under the watch of a paralegal ensure, among other things, that your loved ones avoid probate since technically the assets will no longer be yours since they are owned by the trust selected. In order to make sure that your living trust is appropriately funded, your paralegal should advice you and work at ensuring all property listed under your name has been transferred to the trust. Should you get it wrong during document preparation, it means your assets will be distributed 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.
As is with most cases that deal with money today, it is imperative to ensure you deal with professionals who are certified to offer document preparation services. 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. The first step therefore is to ensure you get the right professional for the job. Estate planning is not something most people enjoy doing, but it is a vital process when you want to enjoy peace. The first step thus comes in ensuring document preparation is done correctly by a professional.