Estate planning is essential for ensuring that your assets are distributed according to your wishes. One effective tool in this process is a living trust, which can help avoid the lengthy probate court process. By establishing a living trust, you can ensure a smoother transition of your estate without the complications often associated with probate court.
"I'll get a will, it's cheaper". Many seem to think a last will and testament avoids probate. This is FALSE. If you have a will, your estate is automatically headed for probate court and your estate could be tied up for years, and it could end up costing your estate thousands.
"So I'll just wait and the house goes to my spouse". Joint ownership of assets with a spouse avoids probate. TRUE, but owning a property with a spouse simply delays probate until the death of the surviving spouse. It's possible that your spouse could remarry after your passing and place them on the property deed in joint tenancy. This means their new spouse could end up owning your home and assets and leaving it to their family. It happens. A living trust would prevent this.
"I'm giving it all to the kids while I'm alive". Giving assets to adult children avoids probate. TRUE, but if your child is sued and loses a judgment to creditors or other lawsuits, it could put the home and other assets at risk as being part of the judgment. Why risk the possibility of being homeless? Worse, what if you need to sell the property to live, and your adult child refuses to comply. There's nothing you can do here, as you have given the property away.
"I'm thinking about getting a trust online". A living trust is not like a hat; one size does not fit everyone. The online forms are generic and watered down to appeal to the masses. There are thousands of lawsuits against many of these services. Why? The purchaser is ultimately responsible for making it work. Imagine trying to perform your own Root Canal. You need a professional for this type of work. Again, one size does not fill all.
"I Found an attorney to make the trust on the cheap". You should be wondering just how much time was spent on making your trust and really who made it. Was it actually typed in by an office assistant and quickly printed? Did the attorney actually review the document? Once the attorney is done, will you be passed to a secretary? You'll experience none of these issues with The Trust Pros.
The Trust Pros puts six hours into making your document. It is formulated by a legal document assistant, reviewed by our in-house attorney*, delivered to your home (or via Zoom, Skype, Face-time or teleconference), and then executed by a notary. The Trust Pros are the only company making optional house calls as part of their complete package.
