What Are the Consequences of Not Having a Valid Trust in Place?
Consequences of Not Having a Trust
Not having a valid trust in place can have serious consequences. One of the most significant consequences is that your assets may not be distributed according to your wishes. Without a trust, your assets will be distributed according to state laws of intestacy, which may not align with your desires. This can lead to conflicts among family members and loved ones and result in costly and time-consuming litigation.
Another consequence of not having a valid trust is the potential for your estate to go through the probate process. Probate can be a lengthy and expensive process, and it can also make your estate more vulnerable to legal challenges.
If you want to ensure that your assets are distributed according to your wishes and avoid the probate process, it's important to have a valid trust in place. At Doucet Co., LPA, our team of experienced attorneys can help you create a trust that meets your needs and protects your assets. Don't hesitate to call us at (888) 200-9824 to learn more.