Living Trusts / Wills / Power-Of-Attorney / Deeds
Living Trust
A living trust is similar to a will in that it lets you control who gets your property when you die. The primary benefit of a living trust is that it can help your beneficiaries avoid the expense and delay of probate of the assets transferred to the living trust before your death. Probate is the court-directed process of distributing a person’s assets and possessions after death. The probate court governs the distribution of your estate according to the instructions of your will if you left one, or if you did not, according to your state’s rules of intestate succession. At death, most property must pass through probate before it can be inherited. However, property transferred to a living trust prior to death does not. This is why most people prepare a living trust – to avoid probate.
Married couples often create an “A/B” or “Joint” trust. In a joint trust both spouses put their property into the trust. When one spouse dies that spouse’s property does not have to pass through probate. Also, the surviving spouse can use the property while he or she is alive. When that spouse dies the property passes to the trust beneficiaries. In a nutshell, you create your living trust, you then transfer ownership of your assets to the trust which you manage as the trustee and then those assets pass to your designated beneficiaries upon your death. In addition, if you become incapacitated or no longer want to manage your trust assets, your named successor trustee can take over the management of the assets for your benefit and then distribute them in accordance with your wishes upon your death.
Living Trust Package Pricing:
Platinum Package $449 Single / $549 Joint
- Personalized Trust
- Pour-Over Will
- Financial Power-of-Attorney
- Health Care Power-of-Attorney & HIPAA
- Living Will
- Guide to Managing your Trust
- After Death Checklist
- Assignment of Personal Property to Trust
- Transfer of Primary Property (MI or FL)
- Witnessing & Notarization
Gold Package $399 Single / $499 Joint
- Personalized Trust
- Pour-Over Will
- Financial Power-of-Attorney
- Health Care Power-of-Attorney & HIPAA
- Living Will
- Guide to Managing your Trust
- After Death Checklist
- Assignment of Personal Property to Trust
- Witnessing & Notarization
Silver Package $249 Single / $349 Joint
- Personalized Trust
- Pour-Over Will
- Witnessing & Notarization
Wills
Many people use a will to accomplish their estate planning goals. A will is a document that indicates your desire about the distribution of your assets and property following your death. A will gives you decision-making control over who will be responsible to administer your estate and follow your wishes (the executor or personal representative), who gets what (the beneficiaries) and also, how and when they are to receive it. For those with minor children, what is most important is that a will allows you to state who you want to be responsible for the care of your children (guardian). Without a will these decisions will be made by the court, not you.
Wills however, are subject to probate. Probate is the court-directed process of distributing a person’s assets and possessions after death. The probate court governs the distribution of your estate according to the instructions of your will.
Will Pricing:
Will $99 Single
- Will
- Witnessing & Notarization
Will Package $199 Single / $399 Joint
- Will
- Financial Power of Attorney
- Health Care Power-of-Attorney & HIPAA
- After Death Checklist
- Witnessing & Notarization
Other Related Documents
Power-Of-Attorney $79
Deeds $99