Probably the most common reasons people make a Living Trust are to avoid probate,
and for privacy, because unlike a Will, a Living Trust will not become a matter
of public record. This is because the property in the Living Trust can go directly
to your beneficiaries, avoiding both the time and the money spent in probate.
What many people do not know however is that they do not always need an attorney
to draw up a Trust for them-- in reality most people can draw up their own basic
Trust, and ours will likely cover all of your needs. The Trust we can provide
you with will allow you to designate successor trustees, beneficiaries that
are both persons and charities, gift amounts, and allow you to name an adult
custodian to watch over a minor's inheritance until they reach majority-- in
short who does what and gets what. Best of all you can do it all from your own
home while saving hundreds of dollars.
A Trust, or more specifically a Revocable Living Trust, is simpler to understand
that what its name implies. A Trust is simply a way for one person, called "the
trustee," to hold property for another person, called "the beneficiary."
You can be the trustee for your own Trust, and this makes it "living"
because you created the Trust while you were alive, rather than having created
it at your death under your Will. "Revocable" simply means that you
can change or even revoke your Trust at anytime during your life. What this
all means is that you can create a Revocable Living Trust with yourself as the
Trustee, and transfer all of your property to the Trust before you die. If you
are husband and wife, you can make a Shared Living Trust in which you will both
serve as Trustee. A Revocable Living Trust will allow you to use your money
and property as you wish while you are living, and then your beneficiaries can
receive the trust property directly upon your death-- all the while avoiding
probate and its costs.
More important is that our Revocable Living Trusts, while fulfilling all necessary
legal requirements, allow you to put in your particulars. At our website you
have many options to choose from when making your Revocable Living Trust, such
as-- having one or multiple trustees who will serve upon your death; many different
options for beneficiaries including dividing gifts between multiple family members
or friends in equal or unequal amounts; or simply leaving everything to one
individual. We also have Shared Revocable Living Trusts designed to be used
by a married couple. Unlike some other sites, our Husband and Wife Revocable
Living Trust allow each spouse to make separate gifts of their property if they
choose, rather than requiring them to leave everything to the same beneficiaries.
In addition, you will see that we have covered all the contingencies, and allow
you to input alternates for both beneficiaries and successor trustees to make
sure that everything you have is distributed the way you want and not in the
manner your state may dictate should you die without a Will or a Trust. Thus
whether you are single or married, you have numerous options and can make your
Trust as simple or as complex as you desire.
Finally, we do not just provide you with a Living Trust document and then send
you on your way. Creating your Revocable Living Trust itself is only part of
the process, and you will still need to transfer all of your property to your
Trust. We provide you with detailed instructions telling you exactly which property
should be transferred to the Trust and how to do so. We provide you with property
lists that tell exactly what property you have chosen to be placed in the Trust
and the lists are included as part of the Trust document. We want to make the
process of making your own Living Trust as easy as possible, and with our website
and the property transfer instructions you receive with your document you will
have your Living Trust set up in no time at all.
Click here to start building your own Revocable Living
Trust.
