Most trusts are created to act upon your death and serve that purpose very well. A basic trust is usually referred to as a "Living Trust" or "Family Trust" (or any combination of those words) and is usually revocable. The trust document can be very simple and cost less than $500, but save many months of time, and thousands of dollars and complications upon a death. Everyone should have a basic family trust.
Within that basic trust, you can determine who will control distributions, who gets what items, when they get the assets, who will be guardians, who will share, how to protect heirlooms, photos, computer and aother records, manage finances, provide for friends, and charities.
The basic trust can include all assets, yet have special provisions to distribute benefits in a slow (or fast) timeline, or have special conditions, such as good grades, as methods to encourage maturity and be safely worthwhile for beneficiaries.
The more conditions and complexity that is included, the higher the fees to create a complex trust plan.
THE BEST TRUSTS
PRIVATE ASSET PROTECTION TRUSTS
The basic trust is wonderful as a planning tool, but does NOTHING while you are alive.
A basic trust is great and works perfectly upon your death, but is simply a "standby plan" while you are alive. That's OK, and many families are satisfied with the basics. Some are afraid to do more, because they want to retain the ability to make changes in the future, and they never expect to be involved in any kind of legal battle.
All of those issues can be incorporated into a Private Asset Protection Trust, AND you can get privacy.
A Private Asset Protection Trust can be set up now to protect any asset (or group of assets), bank accounts, real estate, vehicles, collectables, retirement, insurance, patents, stock, coins, partnerships, notes, electronics, and your business.
A Private Asset Protection Trust will even protect you from outrageous medical bills, if done well in advance.
The Private Asset Protection Trust Plan can be changed at any time, re-allocated, assets changed, or the estate plan completely re-written. In fact, nothing special has to change during your lifetime! You can continue to enjoy your lifestyle and assets until you pass on. Even though you are not buying additional insurance, you get privacy and protection during your life that exceeds most insurance plans.
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All documents are provided. Estate Planning Instructions, finance checklists, including many typical examples. The support team provides basic (and advanced) assistance and answers to your questions. They provide explanations, suggestions, and examples that will assist you in activating your Loving Legacy Trust estate plan.
ADDITIONAL DOCUMENTS PROVIDED
All individuals need a Health Care Directive, a Health Care Power of Attorney, and a Statement of Wishes. Adults additionally need a Will, and a Trust. Parents of minor children need Guardianship Agreements.
The staff prove themselves by providing education and outstanding support that will inspire you to use them for all of your asset protection and estate planning. They are available by phone and email every day from 10am to midnight, even on weekends and holidays. Like friends, and extended family; they have had many of the same staff and clients since 1977.