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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...


Complete the Living Trust Form Questionnaire:
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.

Review and Processing:
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.

Final Wrap-Up:
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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Living Trust Information

What is a living trust?

Do I need to set up separate record keeping for the living trust?

Can I transfer property in and out of the trust while I am alive?

Do I need an attorney to form a living trust?

Do I still need a will if I set up a living trust?

Can I include property in my trust on which I still owe money?

Does a living trust avoid estate taxes?

Can a living trust protect my assets from being used to cover catastrophic medical costs?

When should you update a living trust?

Can I make a loan from my trust to a beneficiary?



 

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