#estateplanningforfamilies

[floraclinton1200]

A living trust is a legal arrangement that lets you decide how your assets are managed and distributed during and after your lifetime. A living trust “owns” the property you put into it, while often still letting you control the trust assets. It is an estate planning tool that can help family members and beneficiaries avoid a lengthy, public, complex, and sometimes costly, probate process. A living trust takes the form of a legal document. The document lays out the terms of the trust and the assets that the grantor assigns to it.

Cost-Effective Solution: Easy Living Trust offers a living trust creation service for $800, significantly cheaper than traditional attorney fees of $3,000–$5,000.

Quick and Convenient Process: Create a living trust in 30 minutes using user-friendly software. Documents are printed and shipped within 5–7 business days.

[michaelglassford]

View this post on Instagram

A post shared by Michael Glassford (@vehicletowealth)

#Trusts #EstatePlanningForFamilies

[floraclinton1200]

Understanding how to manage your retirement accounts, life insurance policies, and investments is key to honoring your financial wishes. In this video, we explain:

**Why retirement accounts and life insurance policies often don't need to be included in your trust. **How to name your trust as a beneficiary, if desired, with the help of a financial adviser. The role of trustees in managing funds is when your trust is the beneficiary. **Why non-retirement investments typically avoid probate. **Having these discussions with your financial adviser ensures your assets are handled according to your preferences and needs. Take charge of your financial future today!

[floraclinton1200]

Have you ever wondered what happens to your business or social media accounts after you're gone? In this video, we discuss the importance of digital legacy planning and how to ensure your accounts are managed according to your wishes. Whether you want to transfer ownership to a loved one or have your accounts closed, planning ahead is essential. Learn practical steps to include your digital assets in your estate planning and appoint a trustee to handle them effectively. Secure your online presence today for peace of mind tomorrow!

Plan for Digital Legacy: Specify your wishes regarding the management of your business and social media accounts after your passing.

Ownership or Closure: Decide whether to transfer ownership of the accounts to a relative or have them closed.

[floraclinton1200]

Assigning Assets to Non-Immediate Beneficiaries: Allocate specific assets or monetary amounts to individuals or organizations beyond immediate family, such as cousins, friends, or companies.

Special Items for Unique Recipients: Use this section to designate specific valuables, such as antique vehicles, special jewelry, or collectibles, to chosen individuals or charities.

Charitable Donations: Identify charities you wish to support, providing detailed information for the trustee, including names and locations.

[floraclinton1200]

A living trust is a legal arrangement that lets you decide how your assets are managed and distributed during and after your lifetime. A living trust “owns” the property you put into it, while often still letting you control the trust assets. It is an estate planning tool that can help family members and beneficiaries avoid a lengthy, public, complex, and sometimes costly, probate process. A living trust takes the form of a legal document. The document lays out the terms of the trust and the assets that the grantor assigns to it.

Cost-Effective Solution: Easy Living Trust offers a living trust creation service for $800, significantly cheaper than traditional attorney fees of $3,000–$5,000.

Quick and Convenient Process: Create a living trust in 30 minutes using user-friendly software. Documents are printed and shipped within 5–7 business days.

[floraclinton1200]

Understanding how to manage your retirement accounts, life insurance policies, and investments is key to honoring your financial wishes. In this video, we explain:

**Why retirement accounts and life insurance policies often don't need to be included in your trust. **How to name your trust as a beneficiary, if desired, with the help of a financial adviser. The role of trustees in managing funds is when your trust is the beneficiary. **Why non-retirement investments typically avoid probate. **Having these discussions with your financial adviser ensures your assets are handled according to your preferences and needs. Take charge of your financial future today!

[floraclinton1200]

Introduction to the EZ Living Trust Questionnaire process. Click the big red button on the dashboard to start; choose the "Living Trust and Estate Plan" option. Decide if the trust is for you or someone else. If it’s for someone else, obtain their permission.

Select marital status and state of residence for the person the trust is for. Complete Chapter 1 to launch a new document; it’s necessary for saving progress. Clear pricing is shown upfront, with only the number of properties affecting the final cost.

Enter trustee information and determine if the trust is new or if you're updating an old one. Choose a name for the trust; you can edit it, but it’s recommended to keep it recognizable.

Once the document is launched, it’s saved, and you cannot make changes without deleting it. Chapter 2 focuses on assigning people to roles like trustees and beneficiaries; Chapter 4 involves detailing how assets and properties are divided.

[floraclinton1200]

Introduction to the Dashboard: Overview of the EZ Living Trust dashboard. The "My Questionnaires" section allows you to view or start new questionnaires. Future standalone legal documents (e.g., power of attorney) will also be accessible here.

Document Management Features: Completed and checked-out documents will be stored for review. Related services, such as support, are available to assist with estate planning.

Support Options: Access support via email or by scheduling an appointment with staff or the presenter. The dashboard initially appears empty; users are guided to "My Questionnaires" for key actions.

[floraclinton1200]

Binder Overview: The binder is provided physically (not as PDFs) with clear instructions and stickers marking where to sign. It is divided into sections, with specific tabs representing parts of the estate plan.

Notarization Requirements: Some sections require notarization or witness signatures. A licensed notary public is needed for 10-12 signatures per person, which costs around $150 in California.

Witness Requirements: Two independent witnesses (not beneficiaries or close family) must attest to the trustee's signature. Witnesses must include their addresses and attest to the trustee's sound mind.

Property Transfer Documentation: Separate documents for transferring property titles are included. Options for filing include mailing to a title company or hand-delivering to the county recorder’s office to save money.

[floraclinton1200]

Assigning Assets to Non-Immediate Beneficiaries: Allocate specific assets or monetary amounts to individuals or organizations beyond immediate family, such as cousins, friends, or companies.

Special Items for Unique Recipients: Use this section to designate specific valuables, such as antique vehicles, special jewelry, or collectibles, to chosen individuals or charities.

Charitable Donations: Identify charities you wish to support, providing detailed information for the trustee, including names and locations.

Comprehensive Details for Trustee: Include full names and clear instructions to help the trustee locate the intended recipients or organizations.

[floraclinton1200]

The Importance of Living Trusts in Estate Planning: The speaker emphasizes the critical role of living trusts in ensuring smooth wealth transfer to heirs, avoiding probate, and preventing family disputes after a person's death.

Barriers to Establishing Living Trusts: Many clients procrastinate or avoid creating living trusts due to high attorney fees (ranging from $3,000 to $5,000) and intimidation or confusion about the legal process.

Personal Motivation and Experience: The speaker shares a personal story of a client who passed away without a living trust, leading to family conflicts and lengthy probate processes. This experience motivated the speaker to find a more accessible solution.

[floraclinton1200]

Learn why it’s important to: ✅ Determine the value of your assets for equitable distribution. ✅ Clearly specify beneficiaries and their shares. ✅ Avoid excluding children to foster family harmony and prevent disputes. ✅ Plan for unforeseen circumstances, such as the passing of a beneficiary. Importance of Estate Planning: Creating a solid estate plan serves as a blueprint for your legacy, detailing how assets and properties should be distributed.

Comprehensive Asset Coverage: An estate includes houses, cash, retirement accounts, savings, and non-designated bank accounts, all of which become part of your trust if no beneficiaries are assigned.

Asset Distribution Details: Specify the percentage of property allocation for each beneficiary and decide on contingencies, like the reallocation of assets if a beneficiary passes away.

[floraclinton1200]

Learn why it’s important to: ✅ Determine the value of your assets for equitable distribution. ✅ Clearly specify beneficiaries and their shares. ✅ Avoid excluding children to foster family harmony and prevent disputes. ✅ Plan for unforeseen circumstances, such as the passing of a beneficiary. Importance of Estate Planning: Creating a solid estate plan serves as a blueprint for your legacy, detailing how assets and properties should be distributed.

Comprehensive Asset Coverage: An estate includes houses, cash, retirement accounts, savings, and non-designated bank accounts, all of which become part of your trust if no beneficiaries are assigned.

Asset Distribution Details: Specify the percentage of property allocation for each beneficiary and decide on contingencies, like the reallocation of assets if a beneficiary passes away.

Clarity in Assignments: Clearly identify recipients of tangible assets (e.g., land, vehicles, jewelry) by their full names to avoid disputes.

Inclusivity and Conflict Prevention: Including all children in the plan, even with a small share, helps prevent legal challenges and promotes family harmony.

[floraclinton1200]

Discover the hidden costs of not having a living trust in this eye-opening video. We break down the financial, legal, and emotional toll that can arise when you leave your estate unprotected. From probate delays to unnecessary expenses, learn why having a living trust is a crucial step in securing your family's future.

[floraclinton1200]

Are you looking for a way to protect your family and ensure your legacy is handled carefully? A living trust is one of the most powerful tools for safeguarding assets and avoiding the complications of probate.

Secure your family's future with peace of mind! Discover why a living trust is necessary to protect your loved ones and simplify estate planning. Don’t wait—take control today!