REVOCABLE LIVING TRUSTS

A living trust is a legal document created by you (the grantor) during your lifetime. Just like a will, a living trust spells out exactly what your desires are with regard to your assets, your dependents, and your heirs. The big difference is that a will becomes effective only after you die and your will has been entered into probate. A living trust bypasses the costly and time-consuming process of probate, enabling your successor trustee (who fills basically the same role as an executor of a will) to carry out your instructions as documented in your living trust at your death, and also if you’re unable to manage your financial, healthcare, and legal affairs due to incapacity.

 

When you set up a living trust, you transfer assets from your name to the name of your trust, Which you control -- such as from "Bob and Sue Smith, husband and wife" to "Bob and Sue Smith, trustees under trust dated (month/day/year)."

 

Legally you no longer own anything; everything now belongs to your trust. So there is nothing for the courts to control when you die or become incapacitated. The concept is simple, but this is what keeps you and your family out of the courts.

"What you don't know will hurt you!" 

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Summary of Our Attorney Prepared  Revocable Living Trust Benefits . . .

"Because all plans are not created equal!"

  • Avoids probate at death, including multiple probates if you own property in other states

  • Prevents court control of assets at incapacity

  • Brings all of your assets together under one plan

  • Provides maximum privacy

  • Quicker distribution of assets to beneficiaries

  • Assets can remain in trust until you want beneficiaries to inherit

  • Can reduce or eliminate estate taxes

  • Inexpensive, easy to set up and maintain

  • Can be changed or canceled at any time

  • Difficult to contest

  • Prevents court control of minors' inheritances

  • Can protect dependents with special needs

  • Prevents unintentional disinheriting and other problems of joint ownership

  • with the Professional corporate trustee

  • Peace of mind

  • And Among America's Lowest Prices . . . 

You Create What Your Retirement Will Look Like By What You Do Today!

"If You Do Nothing You'll Have Nothing!"

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