conjunction with the overall estate plan can be very effective. It is important to understand a
Living Trust by itself does little for Asset Protection. Our new web site coming on line in
November will address different methods to assist the planning of an estate.
What Type Trust do you need?
* If you are single
You must use the Individual Trust. You can transfer all or part of your estate to your
inheritors. This includes both property you own and your share of co-owned property
* If you are a part of a couple
Couples, married or unmarried often own property together. A Living Trust does not change
that shared ownership. They can also include property separately owned by either spouse in
their trust. Couples may create a Trust in 3 ways, they may each create an Individual Trust, or:
* SHARED LIVING TRUST
With the basic SHARED LIVING TRUST You and your spouse will both have control of the
Trust and if your desire is to avoid probate, this is the ticket.
* A/B LIVING TRUST
Known by many names, "Bypass" trust, "Exemption" trust, a "Family Trust", a "Credit Shelter"
trust or a "Marital Life Estate" trust, this trust, simply stated enables each spouse to individually
use their own Estate Tax Exemption to minimize the amount the ultimate beneficiary (Usually
the kids) have to pay. The Marital Tax Exemption allows one spouse to leave the other an
unlimited inheritance. That same exemption, however, does not apply when the second spouse
dies and the trust assets pass to the children. An A/B Trust can save them Thousands of dollars
in inheritance tax
We will assist you in preparing and filing any Deeds and will help you get them filed with your
County Recorder. It is crucial to the validity of your Trust that all Deeds be filed properly.
What the LIVING TRUST it:
Avoid Costly Probate!
With a LIVING TRUST you:
Protect your Estate
Avoid Outrageous Fees
Minimize Taxes "Due on Death"
Orderly Transfer of Assets Upon Your Death
Reduce The Time Required To Pass Your Assets After Death
A LIVING TRUST provides:
CONTROL
FLEXIBILITY
SIMPLICITY
It’s your money! You have worked hard all your life to accumulate it and it should go to the
heirs and beneficiaries you choose, all of it, every penny! Protect it.
For more information on what a Living Trust does and actually is, go to Wills and Trusts Over
View.
