This strategy and accompanying document is 119 indexed pages. The main purpose and strategy of this trust is to avoid probate and eliminate estate and inheritance taxes. It allows you to pass $600,000 ($1,200,000 if married) to your heirs tax free--the moment you die. Probate averages two years with total costs ranging from a low range of 7-11% and up as high as 70%. The Revocable Living Trust also offers a limited degree of asset protection. Bifurcate your estate. Place the assets of the most vulnerable spouse (by nature of his/her business) into the trust of the less vulnerable spouse. Courts generally consider these assets untouchable by judgment creditors. The proper allocation of assets between spouses can be very important to wealth preservation.
The Revocable Trust package includes: *
1. Two Durable Powers of Attorney (husband and wife)
2. Two Living Wills
3. The Model Revocable Funded Living Trust, which includes a husband's trust, a wife's trust and a marital trust
4. Schedules for listing assets transferred
5. Deeds for transferring title
6. Various form letters, cover letters and documents to change ownership of checking and saving accounts, stocks, bonds, CD's, etc.
7. Two Last Wills and Testaments
8. Forms for listing all your various types of insurance
9. Forms for listing other important records and names
10. Last instructions and procedures to be followed at death of Trustor
11. Various memorandums discussing the various sections of the Trust
* Trust package available for single persons is similar, only without portions applying to spouse and the marital trust. Remember, use your Revocable Living Trust to avoid probate and to reduce or eliminate estate and inheritance taxes.
If you want asset protection from lawsuits, consider the other tools: The Corporation 'C' or 'S', the Family Limited partnership, the Irrevocable Trust, and the Children's Trust. Used in combination and properly structured (you'll be given the strategy) you can insulate your assets from lawsuit judgments and pass 100% of your estate, no matter how large, tax free to your heirs.
The complete set of strategies and documents is yours for $295.00
(less than you would pay for one hour with a good tax attorney)
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