24 Jan Living Trust – Setting it Up Doesn’t Have to Be Hard
Living Trust – Setting it Up Doesn’t Have to Be Hard
Estate planning is often a daunting and overwhelming task that people put off for far too long. Topics surrounding death are difficult to discuss, and what you plan on doing with your assets after death tends to be taboo.
As legal document preparers, we understand the difficulties and uncomfortable conversations often associated with estate planning. While this topic may seem unpleasant to some, we can assist you with creating a living trust and the related documents to make estate planning a little simpler.
The Benefits of Having a Living Trust
A living trust can provide several benefits, including:
- Avoiding probate: Property held in a living trust does not have to go through the probate process when the grantor dies, which can save time and money.
- Maintaining privacy: Probate records are public, but trust documents are not. A living trust can help keep the details of your estate private.
- Managing assets if you become incapacitated: A living trust can provide for managing your assets if you become incapacitated and unable to manage them yourself.
- Controlling the distribution of your assets: You can specify in the trust document how and when your assets will be distributed after your death.
- Potential tax savings: A living trust could provide tax savings, depending on the trust’s specific terms.
Living Trust Process
If you’ve considered establishing a living trust but felt they were too complicated to be worth the effort, think again. When you work with document preparation experts, establishing a living trust often becomes much easier than you anticipated. Our straightforward process provides guidance and sets clear expectations so you can feel confident about each step and the outcome.
At Guideway Legal, our living trust process involves only a few easy steps. First, visit one of our office locations to fill out our attorney-approved workbook. After that, we take on most of the legwork. We will prepare the necessary legal documents on your behalf. We also complete the transfer deed for any property you wish to move into the living trust.
Once we have completed these steps, you will review the documents. If they meet with your approval, you sign, and we notarize them. It’s as simple as that. You will keep the hard copy of your living trust and an additional pdf copy.
We recommend reviewing your trust periodically to ensure it meets your current needs and aligns with your future goals. If significant changes occur in your life or you just want to adjust the terms of your trust, we can also make amendments and restatements easy.
Choosing to prepare a living trust is something you can feel good about for years to come. It is a thoughtful and responsible way to care for your loved ones and prepare for their future.
There are many benefits to creating a living trust, so don’t let stress over the difficulties of the process deter you from taking action. At Guideway Legal, we make things as simple as possible for you. Plus, we don’t charge you for each phone call or additional task we perform, and your cost won’t increase if you need a little extra help. You pay one flat fee for our services, with no surprises. Contact us to get started.