Why should I get a living trust and will from LivingTrustandWill.com?


Why hire an expensive attorney when you can get the same documents prepared by a licensed attorney for a fraction of the price? That is why we set up LivingTrustandWill.com. Our mission is simple: Provide an estate plan for a price that everyone can afford! With many American families struggling, we came up a with a simple, affordable solution to protect families.

Our estate planning documents include the following:

1. Revocable Living Trust
2. Pour-over Will
3. Advanced Health Care Directive
4. Durable Power of Attorney for Financial Matters

Your Name (required)

Your Email (required)

Phone (required)

Age

Zip Code

Here is how we stack up against the competition:

What is a Living Trust?

A Trust is a legal document that holds title or ownership to your real property and assets. When you create a Living Trust you transfer ownership of your assets to the Trust. You do not relinquish any control of your assets. You may still buy, sell, borrow or transfer assets to and from the Living Trust.

Does a Living Trust AVOID PROBATE?

YES!!!! Property you transfer into a Living Trust does not go through probate. The successor trustee (i.e. the person you appoint to handle your Trust after your death) simply transfers ownership to the beneficiaries you named in the Trust.

What is Probate?

Probate is the court supervised legal process that determines the validity of your Will. The process entails gathering and investorying all assets of the estate, paying outstanding debts to creditors, taxes to government agencies, and finally distributing any remaining assets to those persons entitled to them.

Disadvantages of probate – TIME & MONEY:

  1. Ties up property for 9-18 months.
    1. A Living Trust Will allows the distribution of assets in weeks rather than months or years.
  2. It's expensive. Attorney and court fees can take up to 5%-7% of an estate's value. In addition, there are other fees such as appraiser's fees, accounting expenses, etc.
    1. The lawyers and court fees are paid from the estate property. These fees would otherwise go to the people who inherit the deceased person's property.
  3. Creditors are notified - Unlike a Living Trust, probate of an estate is a matter of public record. Therefore, when a person dies, creditors MUST be notified. On the other hand, using a Living Trust can make it much more difficult for creditors to know who inherits other property because unlike a Will, a Living Trust is not a matter of public record. Therefore, creditors may not bother tracking it down due to the time and costs involved.

What is a Pour-Over Will?

A pour-over Will is a particular type of Will used in conjunction with a Trust. This kind of Will “pours” any property the deceased still owned at the time of death into the Trust that the person set up during his or her life. Whenever a Trust is used, it is essential to also have a pour-over Will to catch your property which was not held by the Trust or transferred in some other way.

What is an Advanced Health Care Directive?

AHCD allows individuals to appoint an agent who has power of attorney to make care and treatment decisions on their behalf, and give instructions about their health care wishes.

What is a Durable Power of Attorney?

A "Durable" POA is one that remains in force even after the principal (i.e. the individual who executed the POA) loses mental capacity. Unless a POA is "durable", it will become ineffective at the time the principal becomes incompetent. Thus, a POA which is not "durable" fails to protect you against the potential of your family having to go to court and get a guardian / conservator appointed over your assets.

 
DISCLAIMER: LivingTrustandWill.com ("LTW") documentation preparation service is not a law firm, does not act as your attorney, and is not a substitute for the advice for an attorney. LTW does not provide any legal advice, and none of the information provided herein or on any completed document should be construed as legal advice. LTW cannot provide legal advice and can only provide self-help services at your specific direction. LTW can assist you in completing legal forms when you are seeking to represent yourself in your own legal matters. If youneed legal representation, are involved in litigation, or have complex legal issues that cannot be handled or dealt with on your own, you should seek competent legal advice and/or hire an attorney. Our legal documentation preparation service uses the answers you provide to automatically populate legal forms and complete them on your behalf. Our review of your answers is limited solely to completeness, spelling and grammar, internal consistency of names, addresses and the like. At no time do we review your answers for legal sufficiency, draw legal conclusions, provide advice or apply the law to the facts of your particular situation. Our company cannot provide legal advice for any situation or case. As such we cannot make personal recommendations as to what documents should or should not be used and cannot attempt to predict the legal impact of using any certain response or form. This document preparation service is not intended to create an attorney-client relationship, and by using our services, no attorney-client relationship will be created. You are totally and solely responsible for your own selections and actions. Again, LTW cannot make any recommendations for any corrections or changes to the documents or their application,content or use.