What is a Living Trust?
A Living Trust is simply a way to own your property in a manner that protects it from probate, and assures you that your wishes for its transfer upon your death are kept.
You can be the person in charge of the Trust, that is
a "Trustee" of your own Living Trust, keeping full management
and control over all property transferred by you to the Trust. It is important
to note that you give up no control whatsoever over the use or disposition
of your property. It is simply a different form of ownership that can
have dramatic benefits when it comes time to pass your estate to your
At Attorney Alternative, a qualified Living Trust Paralegal will help you set up your Living Trust, Pourover Will, and Powers of Attorney necessary for your complete estate plan and protection.
Who should use a
Revocable Living Trust?
And at Attorney Alternative, an experienced Living Trust Paralegal will provide a low cost alternative to high priced attorneys!
Why should I use a Living Trust?
If you don’t take the appropriate
steps now to avoid probate proceedings, then after your death, your property
will likely pass through a lengthy and costly probate proceeding before
"the leftovers" reach the people you want to inherit it from
you. Probate is the court-supervised process of paying your debts, paying
attorneys’ and executors’ fees and then distributing your
remaining property to the rightful heirs and/or beneficiaries of your
Who controls my property
in the Trust?
do I still need a Will if I use a Living Trust?
For example, property must be transferred to the Trust
in order for the Trust to control the terms under which it is transferred
to heirs. If you acquire certain property shortly before you die, you
may not have transferred ownership of it to your Trust. Consequently,
the property may not pass under the terms of the Trust document.
How does my Living Trust
it expensive to do a Living Trust?
Lawyers typically charge between $1,500 to $2,000 or more to draft a Revocable Living Trust and related documents. If you retain a lawyer to draw up your Living Trust and associated forms, you might pay as much now as your heirs would have to pay for probate after your death–which means the Trust may not offer any net savings in some cases.
A qualified Living Trust Paralegal from Attorney Alternative is the smart, cost-effective solution to spending outrageous amounts on your Living Trust and other estate planning documents.
Is it difficult to transfer
property into my Living Trust?
For example, if you want to leave your home to loved ones through the Trust, you might simply record a Quitclaim Deed to transfer ownership of the house from you as an individual to you as Trustee of your Living Trust. With regard to bank accounts, a new signature card must be signed by you as Trustee. Most bank officers are quite familiar with this simple procedure. Attorney Alternative will assist you in providing the information necessary to allow a smooth and prompt transfer of your assets to your new Trust.
a Living Trust normally made a public record, like a Will?
Does a Revocable Living
Trust protect property from creditors?
However, after your death, property in a Living Trust is quickly and quietly distributed to your beneficiaries (unlike property that must go through public Probate proceedings). This expedited process can be quite problematic for creditors. Usually by the time creditors (who are unknown to the beneficiaries) learn about your death, your property may have already been dispersed, and the creditors have great difficulty determining exactly what you owned and where it went. Often, it may not be worth the creditor’s time and expense to try to track down the property and attempt to collect from the new owners (your beneficiaries).
How do I get started?
Contact an experienced Living Trust Paralegal from Attorney Alternative today for more information on Revocable Living Trusts, Pourover Wills, Durable Powers of Attorney for Health Care and Management of Financial Affairs, Living Wills, Last Will and Testaments, and other vital estate-planning tools.
A few moments spent today in planning will reap great rewards to your beneficiaries’ peace of mind later.
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