WFB Legal Consulting, Inc. serves all of your Estate Planning needs, including the preparation of a Living Trust Packages.* We have developed an in-home program that you can complete yourself–all approved and created by a practicing Attorney! We will also educate you about the various nuances involved in planning the control, protection and growth of both your business and personal estates, as well as the specific differences between Revocable and Irrevocable Trusts for asset protection purposes. However, a brief overview is as follows:
A Living Trust Is For The Living As Well As For Those You Leave Behind After Death.
How does a Trust protect you AND your family? Consider this:
*NO COURT CONTROL
*NO PROBATE COSTS
*NO UNECESSARY TAXES
*PRIVACY AND ANNONYMITY
*INVEST FREE OF GOVERNMENT INTERFERENCE
*AVOID CREDITOR INTERFERENCE
*SHEILD YOUR ASSETS
If you die without an estate plan that includes a will, you are considered to have died intestate, and the state where you live will determine who gets your assets as determined under the state’s inheritance laws. This may mean that some of the people you love are left out of the distribution. Worse yet, if there is no one that fits the criteria, guess who keeps your assets? The government.
Estate planning is a must especially if you are in a non-traditional relationship, you have chosen to cohabitate without being married, you have been married more than once and/or if you have children. If you have children from a previous marriage, your estate planning is even more important, as your current spouse may not be inclined to share your estate with them unless that spouse is required to do so pursuant to the provisions of your will. The last thing you want to do is unintentionally disinherit someone you love because you failed to implement a plan for the proper disposition of your estate.
A revocable living trust is usually created by the grantor during his or her lifetime through a transfer of property to a trustee. The grantor generally retains the power to change or revoke the trust. When the grantor passes away, this trust becomes irrevocable, which means that the terms of the trust cannot be changed and the trustee must follow the rules set forth in the trust concerning the distribution of property and the payment of taxes and expenses. An irrevocable trust (also called “non-modifiable”), by contrast, is a trust that cannot be changed by the grantor once the trust is deemed irrevocable. The grantor loses total control of the property and has to obey the trust rules. However, under the properly devised circumstances, such a vehicle can be utilized for asset protection purposes, while also allowing for the enjoyment of the assets during the life of the original grantor.
Other forms of Estate Planning Documents prepared by WFB Legal Consulting, Inc. include:
• Living Wills
• Powers of Attorney
• Health Care Directives
• Pour-Over Wills
• Trust Affidavits
• Trust Amendments
Receive a FREE copy of “How to Affordably Create Your Own Estate Plan Legally.” It includes a complete program that walks you through building your own estate plan, step-by-step, in the comfort of your own home.