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Living Trusts
The biggest potential benefit of living trusts may be to avoid probate court, the
costly process required when property is inherited from a will which can
linger for years and take up to 10% of the estate's value.
For this reason, it's common -- and smart -- to transer into a living
trust those assets which are expensive to probate, such as real estate
and securities.
For example, probate fees on a $200,000 estate could cost approximately
$20,000. If the successor cannot afford the fees then the entire estate, or portions of, might need to be liquidated.
Probate fees may be mandatory
and are taken from the estate before any assets are distributed, however
a living trust may not subject to probate, while a will may be.
A living trust can be completed in 3 painless steps online through LegalZoom,
the company co-founded by Robert Shapiro which has helped over 1 million
satisfied customers prepare legal documents quickly and efficiently...
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Complete
the Living Trust Form Questionnaire: |
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Fill
out LegalZoom's simple questionnaire, which was created by experienced
attorneys. Unlike some services, LegalZoom’s Living Trusts
are not generic forms, but a comprehensive revocable trust that
is specifically customized to your needs and wishes.
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Review and Processing: |
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LegalZoom's
team will review the answers you provide for completeness and
other common mistakes. Then, LegalZoom prepares your Living Trust
along with the documents needed to transfer your property and
assets into the trust.
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Final Wrap-Up: |
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LegalZoom
will then send your Living Trust documents, printed on quality
bond paper and handsomely presented in a deluxe estate planning
organizer, to you via first-class or overnight mail. Thereafter,
simply follow their final instructions to validate your trust.
Learn More >> |
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