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:
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:
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.