Online Trust Packages
Aside from writing a will, and arranging a financial and medical power of attorney, creating a trust can also be a great way to protect your family members in the future.
Trusts can help you transfer assets effectively without loved ones having to pay excessive taxes or wait for property transfers after you pass away.
At The Estate Planning Law Firm, our trust attorneys help people set up legally enforceable trusts with a simple, stress-free, and affordable estate plan.
How can trusts help protect your family’s future?
Trusts can be a little more complex than wills and are a slightly more advanced estate planning tool.
Nobody should attempt to set up a trust without discussing your situation with an experienced lawyer.
A trust lawyer can advise you on the different options for your specific purposes. To protect your loved ones in the way you intend, it is important to establish the right type of trust in the right way to make it legally enforceable.
Before we get into the specific types of trusts and packages available, let’s first get to grips with some of the terminology used:
The trustee – the person designated to manage the assets in the trust
The grantor or donor – the person who sets up the trust (sometimes also called a settlor)
Successor trustee – the person who manages the trust assets when the grantor dies
The beneficiaries – the people who receive the benefit of the trust’s assets
In many trusts (notably in revocable living trusts, which are outlined below) the trustee and the grantor are the same people.
Our Stress-Free Living Trust Packages
The basic purpose of all trusts is the same: to enable the transfer of assets to intended beneficiaries in the timeliest and most tax-effective way possible.
At The Estate Planning Law Firm, we believe that planning for your family should be a top priority. This is why we have simplified the process for completing these plans.
Our lawyers have put together a number of affordable and simple trust packages to help you easily navigate through this process.
The Legacy PackageIndividuals ($123) | The Legacy PackageCouple ($234) |
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The Legacy PackageIndividuals ($123) |
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The Legacy PackageCouple ($234) |
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Things to consider when creating a trust
Business succession planning
Make provisions for how the hard work you’ve put into your business helps those you leave behind by creating a legally binding business succession plan.
Family business planning
If you run a family business, who is going to manage it after you’re retired? Put legally enforceable plans in place now to protect the future of your business and those it supports.
Tax planning
When planning your estate, it’s important to take tax issues seriously as they can make a big difference. Manage charity, gift, inheritance, and estate tax effectively with our lawyers.
Marital agreements
Prenuptial and postnuptial agreements may affect what happens to your assets in the event of your death – be sure to talk it through with an estate planning lawyer before you sign anything.
Nursing home care and healthcare
How do you ensure that your future healthcare needs are looked after even if you become incapacitated? You can document this and provide power of attorney for a trusted individual.
Trusted supervision for minors
The needs of dependent children are a priority in any estate plan. Talk your situation through with an attorney to understand your options for supervising and protecting minors after you’re gone.
Wills vs. trusts
Will and trust attorneys can help you provide comprehensive protection for your loved ones.
While some individuals create a will and believe their estate planning requirements are complete, this is generally not the case.
If you have assets that you want to ensure are transferred in a timely, tax-efficient way to the right people at the right time, a well-chosen trust set up in the right way can help you do that.
Trust-based planning has become more common in recent years because of this – and it is not just for the wealthy.
Say you want to transfer property to a minor child when he or she reaches the age of 18. A trust helps you do that in a legally binding way.
Think of wills and trusts as financial “tools” that can help you achieve your goals after you’re gone. The type of will or trust you need to set up depends on what you want to achieve.
Sit down with a will and trust lawyer to discuss your circumstances and what you want to achieve before deciding on your estate plan strategy to support and protect loved ones.
Frequently Asked Questions
If you have assets that you want to ensure are transferred in a timely, tax-efficient way to the right people at the right time, a well-chosen trust set up in the right way can help you do that.
A trust lawyer can advise you on the different options for your specific purposes. To protect your loved ones in the way you intend, it is important to establish the right type of trust in the right way to make it legally enforceable.
Not Sure Where to Start?
Not Sure Where to Start?
Not Sure Where to Start?
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