Monday, March 26, 2012
One-stop Estate Planning. If you know someone who has an uncomplicated estate and basic planning objectives, call us to discuss "One-stop Estate Planning." Unlike most law firms which require several visits to complete planning, our office can discuss, plan and execute MOST plans at the first visit---all for a cost of one-third the fees charged by other firms. This program is particularly beneficial for young marrieds who can't afford "large firm fees," as well as for anyone desiring comprehensive, efficient and reasonably-priced protection. This is no "bare-bones" plan: All plans include a living trust, pour-over will, financial and medical powers of attorney, complete retitling of assets, our deluxe EstatePlanner Documents Organizer, and complimentary document revisions for one year.
Living Trusts Afford Privacy -- Wills Don't! To be effective, a will must be probated after your death. Because a filed probate is "public record," anyone can obtain a copy of your will and learn how and to whom your estate was distributed. A living trust, however, does not require probate, and thus the details of your estate distribution remain private. Only the trust's beneficiaries are privy to the extent of your assets and who receives them. Whitney Houston, the singer, opted to use a will instead of a living trust; her will, including those who have inherited from her, are now "public record," and available on the Internet. One caveat: For maximum privacy, remember that only those assets titled in the name of the trust are private and subject to its terms.