Why you Must Work with Professional Paralegals in Document Preparation
Legal document preparation can be a costly affair if you have to hire a fully-fledged attorney to do the work for you. 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. On of the roles played by legal document preparers is to advice you on who the right trustee is; which could be a member of your family, a law firm, your family attorney or even a close friend.
What this means is that in the event of probate, only the items listed under your legal names will be subject to probate. The first role therefore that a paralegal officer plays is to advice on ensuring the living trust is well funded, which means ensuring all assets are transferred to the rightful trustee. If the right channels are not followed during document preparation, it means the assets ought to be surrendered to the state to decide on how to distribute the assets. The need therefore to work with paralegals that know exactly what they are doing in terms of document preparation can never be overemphasized enough. If not for anything else, a good paralegal officer should take the time to explain in clear terms the legal implications of not doing right documentation.
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. If well implemented, you can rest assured living trusts are your best bet when it comes to administrating your property and distribution in the event of your demise. 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. If you are like many people, you may not want to even think of estate planning; let alone take part in preparation. However, just the peace of mind that comes with knowing your loved ones will be taken care of in the event of your demise makes the process well worth it.