By Do It Yourself Documents,
Independent Paralegal Services
Use our services to create your Revocable Living Trust. Included With this in-office service are the following:
Also included in the cost is the preparation of one quitclaim deed transferring your property to the trust (ownership of more than one piece of real estate will incur additional charges for quitclaim deed preparation), along with instructions for the transfer of your other assets.
If you have any questions please call (866) 946-0325.
All of your assets are transferred into the name of the living trust while you are alive. After your death your assets are automatically transferred to your beneficiaries without going through the probate process. You can add assets to the living trust throughout your lifetime and you can amend or revoke the trust at any time. You will be provided with instructions as to how to transfer your assets and the service includes the preparation of ONE quitclaim deed to transfer your home into the trust. If you own more than one piece of real estate additional quitclaim deeds can be prepared for you at the cost of $50 per property.
Even though a trust is prepared for you, you will need a Will to cover property not in the name of the trust. An example of what property might not be in the trust would be following: You open a new savings account and forget to title the account in the name of the trust. At your death the Pour Over Will would be used (through a probate process) to transfer the property to your trust so that the asset can be transferred to your beneficiaries according to your wishes. The goal of course is not to have this happen, but the Pour Over Will is prepared just in case. Also, a Pour Over Will shall name guardians for any minor children you may have.
A Durable Power of Attorney for Finances gives another person the right to make financial decisions for your while you are alive. A Power of Attorney can be prepared so that it is in effect as soon as it is signed or not in effect until you become incapacitated.
A Durable Power of Attorney for Healthcare gives another person the right to make healthcare decisions for you if you are unable to. The Living Will (Healthcare Directive) is where you state your wishes regarding life support.