Helping clients accumulate and protect wealth

Trusts are legal documents which makes your estate almost a separate entity, like a business. The trust document will state that you have placed certain assets in the trust, and will be maintained expressly as stated in the document.

When created properly, a trust avoids probate court so that your heirs can received your bounty without the expense and hassle of probate court. The trust document will appoint a current trustee to oversee the trust and appoint a successor trustee who will take over when you pass away. Although you will not be around, the trust stays in existence and the successor trustee has the authority to distribute your property placed in the trust as you have stated.

The most common type of trust is a revocable trust, sometimes referred to as a living trust. With a revocable trust, you may transfer property into the trust, but you still retain the power to amend or revoke the trust. The greatest benefit of a revocable trust is that your family will avoid the high cost and hassle of probate court. When you transfer property into the trust, the property is retitled so that the trust owns the property. Thus, the property held in trust avoids the time, expense, and lack of privacy afforded by the probate process.

Revocable trusts are relatively simple to set up. You will incur greater costs to set up a revocable trust than a simple will, however the cost to create your revocable trust will be much less than the cost incurred by your family to process your will through probate court.

There are also irrevocable trusts, which, as the word irrevocable infers, cannot be changed after their creation. Such trusts are useful in tax planning and instances where it is desirable to get assets out of a person’s name and control. Medicaid Asset Protection Trusts, discussed on this site on other pages, is an irrevocable trust. Irrevocable trusts are generally more complex than revocable trusts, and incur higher drafting costs.

Protect Your Family… Streamline Transfer of Assets

Estate Planning, Avoiding Probate and Keeping Your Affairs Private

Estate planning is an unfortunate necessity. The last thing you want to think about is leaving your loved ones, but failure to plan before your death will leave them to deal with the pain and hassle of probate court.

This guide is designed to walk you through the process of planning a living trust, including:

  • The basics of a trust
  • The costs related to creating a trust
  • The steps required to set up a trust
  • .. and more

Fill out the form to download your guide today.

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About The Guide

While a will ensures that your assets are distributed according to your wishes and specifies how you desire your affairs to be managed after you’re gone, a trust goes one step further. It will ensure that your plans are carried out in privacy and it reduces the costs related to settling your affairs.

A trust can also help your loved ones circumvent the need to go through the county probate court process, which exposes your personal business to the public— at a not-insignificant expense.

How do you create a trust? This guide will share with you:

  • The basics of a trust
  • The costs related to creating a trust
  • The steps required to set up a trust

Fill out the form above to download your guide

What’s inside the guide?

This guide, Protect Your Family… Streamline Transfer of Assets, will help you understand how creating a living trust can help you ensure that your family gets the full worth of your assets as well as enables them to avoid the hassle and invasion of privacy associated with the probate process. From the basic definition of a trust to what you can expect when you meet with an attorney to create a trust, you’ll be prepared to take the necessary steps to make sure that your family will undergo minimal stress upon your passing.

The information within is simple and easy to follow, and an excellent reference for anyone with questions about the importance of a trust.

“After a loved one passes, be encouraged by their passing and legacy… Live each day with encouragement knowing that they are proud…”

Matt Fraser

American Athlete