Revocable Living Trust
The estate planning alternative to avoid the hassle and cost of probate.
Forming a Revocable Living Trust With Anderson
When most people think about estate planning, they think about wills, probate, and legal fees. But what many people don’t know is that there is an easier, less costly way to plan their estate and provide for their family where they are in control, not a judge. While the initial cost of a will is cheaper than that of a living trust, the savings come after your passing. The national average cost of probate is 4% of the estate and, on average, takes 18 months from start to finish.Help your loved ones avoid these delays and costs, and remain in control of your estate during your lifetime by forming a revocable living trust with Anderson.
Living Trust Vs. Will
A living trust, once signed, notarized, and funded, is a legally binding document that guarantees your plan for your estate will be executed as you wish. This is confidence that a will cannot
|Prepared by a lawyer||✔||✔|
|Distribute your assets to family and loved ones||✔||✔|
|Title assets directly into it for ease of distribution||✔|
|Appoint a guardian for your minor children||✔*||✔|
|Deal with all of your property in your home state, rather than each separate state where it exists||✔|
|Maintain privacy and confidentiality; not a matter of public record||✔|
|Trustee retains control of the distribution of property, rather than a judge||✔|
|Assets can be distributed without the cost of hiring a lawyer for lengthy and costly probate proceedings||✔|
*When a pour over will is included. Anderson includes a pour over will with all of their living trusts.
Unlimited Amendments for Life
When you create your living trust with Anderson, you simultaneously secure your family’s financial future and avoid the high costs of probate. Now, you also have the opportunity to avoid even further costs with unlimited amendments to your living trust for life for $995.
Normally, changes to one document within your estate plan cost $500. Since every estate plan that Anderson Advisors creates for our clients includes a living trust, a pour-over will, and financial and healthcare powers of attorney, that means that one change to all of your documents — just one! — could cost $1500.
Please note that amendments are limited to one change per client per year. This means that you can amend multiple documents once a year, as long as they’re all amended at the same time.
The need for amendments to your living trust can be spurred by major life events, such as a birth or death, and can include changing the successor trustee, beneficiary(ies), and distribution provisions.
With unlimited amendments to your living trust for life, you can relax knowing you can make those changes or updates whenever you need to without being hit with additional costs. To learn more, call Anderson Advisors now at 800.706.4741.
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What You Can Expect When Forming a Revocable Living Trust with Anderson
Once you decide that a living trust is the right option for you, we ask that you complete a questionnaire to tell us a little about yourself and your situation. After we receive your completed living trust questionnaire, the attorney’s paralegal will contact you to schedule a teleconference to discuss your estate plan.
During the teleconference, your attorney will ask questions regarding how your estate will be distributed to your heirs, who will control this distribution, if you want to compensate your successor trustee, etc. You have the ability to customize your estate plan many different ways. At Anderson we believe there is no one-size-fits-all approach to an estate plan.
Once you have received your living trust documents, it is important to execute your documents as soon as possible, meaning you must sign and have your trust notarized to make it legal. We will assist you with funding your trust and can prepare any amendments you need if something changes. Anderson can also deed your personal residence into your living trust so that all of your assets are owned in one place. Once these steps have been completed, you will not need any more intervention from our legal team – you have full control of your trust and after your passing or incapacitation, your trustee handles the distribution of your assets. We will still be here to assist you with questions or changes that need to be made, however.
Experience You Can Trust
Whether you are setting up a living trust only, or you are looking to include this as part of your business structure, you can feel confident that your affairs will be in order. We can ensure your business ownership is assigned to your living trust for the seamless distribution of company assets after your passing.