Living Trust Plan

A Living Trust Plan uses a revocable trust to distribute or manage property for a deceased person's estate.  A trustee is appointed to carry out the instructions set forth in the trust.  

 

A Living Trust Plan is very flexible and can be used for a wide variety of estate planning objectives, including:

  • Probate Avoidance
  • Asset Management
  • Asset Distribution
  • Estate Tax Reduction
  • Charitable Giving

However, living trusts are relatively expensive and complex to set up and maintain.  There are also several drawbacks to using a living trust. Therefore, a living trust is not suitable for everyone.  We can help you decide if a living trust is the best choice for your family. 

 

A Living Trust Plan includes all of the following elements:

  • Consultation with Attorney
  • Single or Joint Revocable Living Trust
  • Memorandum of Trust
  • Pour-over Last Will and Testament
  • Power of Attorney
  • Health Care Directive
  • Deed to Transfer Real Estate to Trustee of Trust
  • Filing of Deed with Register of Deeds
  • Filing of Property Transfer Affidavit with Local Tax Assessor
  • Assignment of Personal Property to Trustee
  • Transfer-On-Death Registration of Closely-Held Businesses
  • Trust Funding Instructions