If you are purchasing your home or own it free and clear at the time of your death, your children will have to initiate a court proceeding called probate. With a trust you can completely bypass probate.
If you have children under the age of 18, the trustee of your trust can manage your children's finances. Additionally, if you want to spread out your distributions over time rather than giving your 18-year-old child a lump sum, you can instruct your trustee precisely how you want your inheritance to be distributed.
If you have a special needs child who receives governmental assistance, that child's eligibility is often eliminated when he or she receives a direct inheritance. With a trust, however, you can maintain your child's eligibility and still provide supplemental benefits.
In case of temporary or permanent incapacity, your successor trustee can take care of all of your financial needs. Otherwise, court-supervised conservatorships or guardianships are sometimes necessary--and expensive. A trust provides no-cost solution to this situation which affects far too many of us.
Normally a court proceeding called probate is necessary if you own (or are purchasing) your home or other real property, such a a vacation home or rental property. But if you are renting or leasing your home or apartment, a probate may not be required.
Wills can be set up fairly simply and inexpensively. As long as the proper formalities are observed--such as witnesses and a notary--you can easily take care of your family. We can make this very easy for you.
“My husband and I attended a seminar at an attorney's office and learned a great deal about what an attorney does for estate planning. We realized that we needed to complete our will and other documents. But it seemed awfully expensive and complicated. Then a neighbor told us about The Gift of Planning and we realized that we could get all that the attorney was offering at a more affordable cost without having to leave home. We were very pleased with the process and all the assistance we received.”
“ I thought I would be very intimidated by all of the legal language, but the online process made it very easy to understand and accomplish. Because I could do it all at home and on my own schedule, I was able to get over the hump of procrastination and get it done. What a relief! Also, customer support was outstanding. I felt like I could call or email anytime and get my questions answered.”
"A Trust is an invaluable personal document to have completed before we leave this earth! I, like many other people with good intentions to do so, just wasn't getting it done. Then I found out about The Gift of Planning -- and that was it. Over just a few days, with their ongoing and sensitive guidance and support, I had a Trust of the highest quality completed; what a relief!"