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 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. The initial cost of a will is cheaper than that of a living trust – the savings comes after your passing. The national average cost of probate is 4% of the estate and, on average, takes 18 months from start to finish. Avoid these delays and costs, and remain in control of your estate 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 provide, because even though it is a legal document, it is subject to probate where it is scrutinized and can be threatened.

Living Trust Will
Must be prepared by a lawyer
Allows you to distribute your assets to family and loved ones
Allows you to title assets directly into it
Allows you to appoint a guardian for your minor children *
Allows you to deal with all of your property in your home state, rather than each separate state where it exists
Maintains private and confidential, is not a matter of public record
Your executor(trustee?) is in control of the distribution of property, rather than a judge
Your assets can be distributed without the cost of hiring a lawyer
Avoids the expenses and time of probate proceedings

*When a pour over will is included. Anderson includes a pour over will with all of their living trusts.

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THE ANDERSON ADVANTAGE

Preserve

Individualized tax planning to help you keep as much of your money in your pocket as possible.

Protect

Asset protection strategies and solutions to shield your assets and limit personal liability.

Prosper

Retirement and financial planning and wealth management strategies to maximize what you already have.

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.

The employees at Anderson all have unique different skills. It’s really hard for any one person to have all the answers. It’s so neat to have the community and the package together in one organization. If you don’t have the answer or another advisor doesn’t have the answer, they are going to go find it out for you and help you really get to where you need to be. Carl F.

Anderson Advisors FAQ

Choose a Question Below...
What is a living trust?
A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust.

How does a living trust avoid probate?
Property you transfer into a living trust before your death doesn’t go through probate. The successor trustee — the person you appoint to handle the trust after your death — simply transfers ownership to the beneficiaries you named in the trust. In many cases, the whole process takes only a few weeks, and there are no lawyer or court fees to pay. When all of the property has been transferred to the beneficiaries, the living trust ceases to exist.

Is it expensive to create a living trust?
A basic living trust isn’t much more complicated than a Will, but provides a quicker turnaround. In the end a living trust can end up saving you a lot of money compared to a Will. Contact us today to see how we can help save you money.

Get Started Now

It’s easy and we work fast. You can get your plan started now by scheduling your free 30-minute call with an Anderson Advisor. Talk to us. It’s free and there’s no obligation.