What Is A Revocable Living
A Living Trust is a legal
document used to plan and organize your estate. A Living Trust can
be created when you transfer your property from your individual
name to the name of your Trust. You simply re-title your major
assets. For example, the deed to your house would be changed
from Joe and Mary Smith to the Joe and Mary Smith family
Trust. Control remains with you. By creating a Living Trust
you may save your loved ones thousands of dollars in probate costs
and other fees, as well as unnecessary delays that can go on for
months, even years. In addition, you can eliminate many of the
emotional strains that can be caused by your death and the settling
of your estate.
How Long Does it Take to Prepare a Living
Your Living Trust, Pour-Over Will and
transfer documents can be prepared in two to three weeks. If
needed, we can prepare your estate plan in less time.
Will an Attorney Prepare My Trust?
Absolutely, an experienced
estate planning attorney will prepare your Trust and meet
with you to discuss all documents.
Why Have an Attorney Prepare My Trust and
An improperly prepared document can be
disastrous to your estate and beneficiaries. The attorney will keep
a notarized copy of all documents, on file, to protect
you. An experienced
attorney can give guidance to creating a Trust which will fit your
Does a Trust Make Sense for a Modest Estate?
As a general rule, if your
estate is over $100,000, it will be probated with or without a Will
upon your death. All families can enjoy the protection of a Living
Trust through United Estate Planning, Inc., at an affordable
If I have a
Trust, Do I Also Need a Will?
Yes. We will prepare a
Pour-Over Will, which is designed to work with your Trust. All of
your real estate and smaller assets, which you may have
neglected to put into your Trust will be gathered up and "poured"
over into your Trust, even after death.
Who are The
Parties to the Living Trust?
A person who places his assets into the Trust - you!
A person who controls the assets of the Trust - you!
You are the beneficiary during your lifetime. Upon your death, your
designated heirs are the beneficiaries (usually your
The Successor Trustee(s)
A person(s) selected by you. This person,
upon your demise distributes the assets of the Trust to your
beneficiaries, according to your