Old Pa
Headphoneus Supremus
- Joined
- Dec 9, 2001
- Posts
- 5,110
- Likes
- 16
Quote:
That depends. If you understand revocable trusts within the statutory limitations of where ever you wish for it to have legal effect, then it could probably be drafted successfully on the back of a cocktail napkin. Most of the on-line legal forms for trusts that I have seen wind up trying to put square pegs into round holes. And if you want to know all your options and want the best fit to your needs (including any necessary tax planning), then competent legal assistance for where ever you are located is essential.
Originally Posted by Samgotit /img/forum/go_quote.gif Old Pa, you're a barrister, right? I need a revocable trust. My CLEO is a weenie. What is your opinion: should I have this done by a live lawyer or can it be done, reliably, with online documents. |
That depends. If you understand revocable trusts within the statutory limitations of where ever you wish for it to have legal effect, then it could probably be drafted successfully on the back of a cocktail napkin. Most of the on-line legal forms for trusts that I have seen wind up trying to put square pegs into round holes. And if you want to know all your options and want the best fit to your needs (including any necessary tax planning), then competent legal assistance for where ever you are located is essential.