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Living Trusts

Find Out How a Living Trust is a Great Estate Planning Tool

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Do you have an Estate Plan in place? A plan that tells people how you want your estate managed in the event of a sudden death or if you become incapacitated?

In these tragic events, without an Estate Plan, typically the state will control this management and generally distribute your assets to your spouse or closest kin. This may not work as you intended, and you’re letting the court decide how your assets are divvied.

With a Living Trust in place, you put yourself in control to protect your assets and distribute your assets as you see fit.

What are Living Trusts?

A Living Trust is the legal transfer of your assets into a trust. You can appoint yourself the owner of this trust, and designate a successor trustee to carry out the specifications of that trust after your death. Your assets can be held in trust until you are ready to fully transfer ownership, or you pass away.

Living Trusts are created while a person is still living and can be amended or revoked by the owner at anytime.

Benefits of Living Trusts Include:

  • Living Trusts and Living Trusts can help reduce the delays and costs associated with probate – or avoid the painful legal process altogether
  • Living Trusts are an excellent ways to let family members know “who gets what” upon your death. Living Trusts will help to eliminate any questions or the chance that someone will contest your will
  • Trusts can help avoid estate taxes, especially if a property or asset is transferred before your death

Download our free report today “Living Trusts: Calculating the Benefits” and you can:

  1. Learn how to make probate painless, or avoid it altogether
  2. Find out how Living Trusts can help you better plan for your children- especially those who are disabled
  3. Provide continuous income for your dependents
  4. Protect your privacy by keeping your Living Trust from public documents
  5. And so much more

Featured Blog Post

Creating a Revocable Living Trust in Washington State: Part 3 of 3

In the previous blog entry, we covered some of the common advantages to creating a revocable living trust. Now, we’ll cover some of the common disadvantages of creating one. Revocable living trusts are often expensive to cr read more–>

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