Advantages of Using Paralegals for Document Preparation
Document preparation is something that can easily and affordably be done by a paralegal; rather than hiring an attorney who more often than not may not have the time and will end up delegating to a paralegal. A paralegal will help with document preparation and guide you on the best channel to follow to ensure your papers are properly documented. A living trust for example is one of those documents that a paralegal can help you prepare. This is a legally recognized document that is meant to ensure your property is dispersed as per your will upon your demise. 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. 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. 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. Should you get it wrong during document preparation, it means your assets will be distributed by the State. It is thus imperative to work with paralegals that are qualified, competent and experienced enough to provide the necessary advice in regards 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.
Most of these providers have a tendency of making cold calls and holding seminars trying to convince you to partake their services. Most states only allow paralegals and lawyers to sell living trusts, so be wary of unscrupulous individuals who are out to make a kill and not offer professional advice and guidance. 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. 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.