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A living trust is a trust used for the purpose of avoiding the delays and costs associated with probate. They are easy to set up and simply involve completing and signing a trust agreement in which you name yourself as both grantor (creator of the trust) and trustee (manager of the trust assets). Once set up, you transfer some or all your assets to the trust. As trustee, you then take over management of the trust assets. When you die, the assets are distributed to the beneficiaries named in the trust agreement. However, as the assets are held in the trust's name rather than in your personal name, they will not need to go through probate. This allows for the assets to be distributed quickly after your death, and without the probate fees. This self-help kit provides you with step-by-step instructions, detailed information and all the legal forms necessary to help you create your own revocable living trust and avoid probate. ✔ Prepare a living trust quickly and easily. ✔ Avoid the costs and delays of probate. ✔ Protect yourself and your assets during incapacity. ✔ Make gifts to your loved ones. ✔ Create trusts for young beneficiaries.
A Living Trust can do so much more than a will to ensure that money is not lost or wasted, to keep your family out of court and to keep creditors away. Let The Living Trust Kit teach you all the advantages a Living Trust offers.
Did you know that the government may be able to take nearly half of the assets you leave your family? Did you know that your family could have to wait to access the funds you saved for them? A Living Trust can do so much more than a will to ensure that money is not lost or wasted, to keep your family out of court and to keep creditors away. Let The Complete Living Trust Kit teach you all the advantages a Living Trust offers. A Living Trust is inexpensive to create, easy to maintain and: limits creditor claims ensures privacy prevents unintended disinheritance minimizes emotional stress on family directs timely distribution of assets avoids probate and ancillary probate administration permits flexibility is difficult to contest maintains continuation of business controls assets during incapacity provides a guardianship alternative allowsfor continuity of asset management and income flow
Suze Orman's Financial Package is a systematic approach for organising your essential documents. The Financial Package is very different from any other product of this type, because Suze has included three CDs that actually include the forms and instructions to create your own advanced directive with durable power of attorney for health care, financial power of attorney, will, and a trust.
A do-it-yourself manual for making your own living trust, with checklists, step-by-step procedures, worksheets, and forms.
A revocable living trust is a type of trust created for the purpose of holding ownership of an individual's assets during that person's lifetime, and for distributing those assets after their death. This self-help legal book provides you with step-by-step instructions, detailed information and all the legal forms necessary to enable you to establish your own revocable living trust.
Due to increased media attention, most of us are now aware of the substantial costs and delays associated with probate. Fortunately, these problems can be avoided by simply creating a living trust. A living trust is a trust used for the purpose of avoiding probate. It is easy to set up and simply involves completing and signing a trust agreement in which you name yourself as both grantor (creator of the trust) and trustee of the trust. Once the trust is set up, you then transfer some or all of your assets to it. As trustee, you are responsible for the management of the trust assets. When you die, the assets are distributed to the beneficiaries named in the trust agreement. However, as the assets are held in the trust's name rather than in your personal name, they will not form part of your probate estate and therefore do not need to go through probate. This allows for the assets to be distributed quickly after your death. This self-help kit provides you with step-by-step instructions, detailed information and all the legal forms necessary to help you create your own revocable living trust and avoid probate.* Avoid probate* Manage your property during incapacity* Make gifts to your loved ones* Create trusts for young beneficiaries
Navigate probate, tax issues, and state laws Create an estate plan and protect your family's interests Need a will, but have no idea where to start? This friendly guide shows youhow to prepare a legal will or trust — either on your own or with professional help — and ensure that your wishes are honored. You'll handle everything from planning your bequests and writing and signing a will to selecting a trust and drafting your durable power of attorney. Discover how to: Provide for your children Hire and work with professionals Minimize tax liabilities Amend or revoke a will or trust Avoid common estate planning mistakes Note: CD-ROM/DVD and other supplementary materials are not included as part of eBook file.
With detailed information, easy-to-follow instructions, helpful worksheets and all of the forms necessary, this book shows both individuals and couples how to avoid the otherwise inevitable delays and costs of probate by preparing their own revocable living trusts and employing other simple probate avoidance strategies.