#livingtrusttips

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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.

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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!

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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.

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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.

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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.

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A Successor Trustee is the person responsible for administering and settling a Trust after the creator (called the Grantor) of the Trust dies. A Successor Trustee is also responsible for the Trust in the event the Grantor becomes incapacitated or unable to make decisions.

Role of a Successor Trustee: A successor trustee steps in to manage a trust when the trustor becomes incapacitated or passes away.

Primary Responsibilities: These include managing and distributing trust assets, making investment decisions, handling income, and settling outstanding debts.

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Creating a Wish List for Asset Distribution: Essential to document general and specific wishes for asset allocation, balancing clarity and flexibility to guide the successor trustee.

Major Asset Management: Guidance on handling significant properties like the primary home and investment properties, including their inclusion in the trust and potential distribution strategies.

Customization and Flexibility: The software allows users to input detailed instructions for various asset types, including vehicles, businesses, loans, and even pets, with sample answers provided for ease.

Successor Trustee's Role and Compensation: Outlines the duties of the successor trustee, options for compensation, and the importance of specifying these to ease their responsibilities.

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EZ Living Trust President, Alvin Parra explains what a Successor Trustee is, what qualities stand out, and how to select your Health and Financial agent and Guardian.

Role of a Successor Trustee: The successor trustee acts as the next "CEO" of your living trust, responsible for managing the trust’s assets after the initial trustee (or trustees) passes away.

Choosing Successor Trustees: Typically, families choose organized, responsible adult children or trusted friends as their primary and secondary successor trustees. These individuals should be dependable and capable of handling paperwork and financial responsibilities.

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Don't pay $5,000 for a Living Trust and Estate Plan, when you can do it yourself with our modern, user-friendly, plain English online software to help you easily answer all your questions, and generate a viewable sample in 30-60 minutes. Pay $800 for couples ($750 for individuals) after you approve your answers and see an instant online draft sample (currently for CA clients). After you checkout, our team gets to work and print, bind, and ship your package with notary and recording instructions to finish everything in less than 2 weeks. Go to www.ezlivingtrust.com

Check out everything that is included in your 100+ page Estate Plan: -- Living Trust -- Pour over Last Will & Testament -- Certificate of Trust -- Financial Power of Attorney -- Advanced Health Care Directive -- HIPAA Instructions -- Final Burial Instructions -- BONUS: Primary Home pre-filled Transfer Forms -- FREE: USPS Priority Shipped in 3-7 days

Affordable Alternative to Attorney Services: EZ Living Trust offers a cost-effective solution for creating a living trust at $800, significantly lower than the typical $3,000 to $5,000 attorney fees.

[floraclinton1200]

Don't pay $5,000 for a Living Trust and Estate Plan, when you can do it yourself with our modern, user-friendly, plain English online software to help you easily answer all your questions, and generate a viewable sample in 30-60 minutes. Pay $800 for couples ($750 for individuals) after you approve your answers and see an instant online draft sample (currently for CA clients). After you checkout, our team gets to work and print, bind, and ship your package with notary and recording instructions to finish everything in less than 2 weeks. Go to www.ezlivingtrust.com

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Are you ready to take control of your financial future? In this video, we dive into The EZ Living Trust Binder That Will Change Your Financial Future. This innovative tool is designed to simplify estate planning, protect your assets, and ensure your loved ones are taken care of without the hassle of probate.

Discover how this user-friendly binder can help you: ✅ Organize important documents effortlessly. ✅ Secure your assets for future generations. ✅ Avoid common pitfalls in estate planning.

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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]

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!

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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.

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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.