Living Trusts

Almost everyone can benefit from an estate plan. Many people believe that estate planning is only for the wealthy, but this simply is not true. If you want to provide for your family in the most cost-effective manner, you need a proper estate plan.

With a proper estate plan, you can avoid the excessive legal fees associated with probate, your wealth will reach your loved ones as you intended it to, and you can be satisfied knowing that your loved ones will not be burdened with the complexities of settling your estate.

Furthermore, there are issues that can arise in one's life prior to passing. If you have minor children, you want to make sure that there are guardianship provisions for who will take care of the children should you become incapacitated or unable to care for them. In the event you become incapacitated, you want to make sure your plan addresses who will control your finances and make decisions, including medical decisions, on your behalf. A properly drafted revocable living trust takes these matters into consideration.

The advantages of a living trust are:

• Avoid probate at death.
• Consolidate assets.
• Control asset distribution.
• Quicker distribution of assets.
• Insure a greater degree of privacy (a living trust, unlike a will, is not a public record).
• Maximize your estate tax savings.

To speak with a representative, call us at 800.706.4741 or email us.