Living Trust. Download online state specific estate planning (revocable living trust) documents. Void Probate
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To better understand the issues relating to your legal situation or problem, our legal information and other law related facts may be of interest to you
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For many Americans, a significant goal of Estate Planning is to avoid Probate. A Living Trust, unlike a will, offers people a fast, private, Probate-free way to transfer one's Property after death. Although a Living Trust is not a complete substitute for a will (it doesn't allow you to name a guardian for a child, for example), it is definitely a cheaper and more efficient way to transfer Property at death, especially large-ticket items such as a house, business and investments.
Assuming you decide to prepare a revocable Living Trust, how much should you expect to pay? If you are willing to do it yourself, with a self-help aid such as those offered by Nolo and other publishers, it will cost you about $30 for a book or $50 for software. If you hire a Lawyer to do the job for you, get ready to pay between $1,000 and $1,500. Non-Lawyer Living Trust companies (commonly referred to as trust mills by attorneys who hate their competition) typically come in a few hundred dollars cheaper than attorneys.
You may assume that paying $1,000 or more for the assistance of a professional means you'll receive good value -- you get what you pay for, right? Maybe not. If you are willing to invest a couple of hours of your time using a top quality self-help resource, you may end up with a better result than you would achieve with many Lawyers.
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Return to all Living Trust legal information
Legal Articles about Living Trust
Living Trust Frequently Asked Questions
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Problems Solved by Estate Planning
A living trust can solve many of the problems encountered in estate planning. Some ...
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Try to Avoid Probate with Living Trust
First of all, what is probate? We've heard various things about probate and we pretty ...
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The AB Living Trust Saves Taxes
Some people must consider federal estate tax when planning their finances. Estate tax ...
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Briefcase
Richmond
•CLA Estate Services planning workshop, 9:30 a.m.-1:30 p.m. April 29, Liberty Country Club, 1391 U.S. 27 N., Liberty. Free. Guests will receive a workbook and information regarding the pros and cons of wills and trusts, how to avoid probate, long-term ...
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Estate planning essential for homeowners
OCRegister
Another consideration is how your heirs can avoid Internal Revenue Service probate taxes. That's why you should consider hiring an estate planning attorney to review your situation, or if you already have an estate plan, then review and update your ...
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