Make Your Own Living Trust and Avoid Probate (Estate Planning)
Book Details
Author(s)enodare
PublisherEnodare Limited
ISBN / ASIN1906144273
ISBN-139781906144272
MarketplaceFrance 🇫🇷
Description
Avoid probate using a Living Trust!
Due to high legal and probate fees, probate can cost up to 11% of the gross value of an estate. Not to mention the the fact that the deceased's assets are often frozen until probate is complete. As a result, beneficiaries may not have access to these assets. This can cause financial hardship to families as they wait months/years to have the assets released.
Fortunately, you can avoid probate by making a living trust!
It's easy to make a living trust. All you need to do is complete and sign a revocable living trust agreement naming youself as both grantor (creator of the trust) and trustee. Once the trust is created, you then transfer some or all of 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 form part of your probate estate. As such, they will not need to go through probate and can be distributed quickly after you die.
Enodare's lawyers has created a straightforward and easy to understand guide to show you how to:
easily create your own living trust & avoid probate;
transfer property to and from your living trust;
amend and revoke your living trust;
manage your living trust;
make gifts to beneficiaries;
make provisions for the management of property gifted to young beneficiaries; and
more.
Make Your Own Living Trust & Avoid Probate tells you all you need to know about revocable living trusts, their advantages and disadvantages, the tax implications, the alternatives to living trusts and much more. With detailed information, easy-to-follow instructions, helpful worksheets and all of the forms necessary, we show both individuals and couples how to avoid probate by making their own revocable living trust and employing other probate avoidance strategies.
Due to high legal and probate fees, probate can cost up to 11% of the gross value of an estate. Not to mention the the fact that the deceased's assets are often frozen until probate is complete. As a result, beneficiaries may not have access to these assets. This can cause financial hardship to families as they wait months/years to have the assets released.
Fortunately, you can avoid probate by making a living trust!
It's easy to make a living trust. All you need to do is complete and sign a revocable living trust agreement naming youself as both grantor (creator of the trust) and trustee. Once the trust is created, you then transfer some or all of 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 form part of your probate estate. As such, they will not need to go through probate and can be distributed quickly after you die.
Enodare's lawyers has created a straightforward and easy to understand guide to show you how to:
Make Your Own Living Trust & Avoid Probate tells you all you need to know about revocable living trusts, their advantages and disadvantages, the tax implications, the alternatives to living trusts and much more. With detailed information, easy-to-follow instructions, helpful worksheets and all of the forms necessary, we show both individuals and couples how to avoid probate by making their own revocable living trust and employing other probate avoidance strategies.
