LIVING TRUST - A Revocable Living Trust allows you to avoid probate while managing your own estate. The significance of a revocable living trust is that it survives you at death; therefore, there is nothing for the Court to probate.
Probate is a long, expensive process that simply does not have to occur. To avoid probate, a person or married couple can place their assets in a "trust" while keeping full control over their property. The trust has actual ownership of the property although you own the revocable trust throughout your lifetime and can even revoke the entire trust if you choose. It is called a "trust" because it creates an entity where assets can be placed for normal use during your lifetime and then be available for distribution to anyone you select after your death.
LEGAL-EZ can prepare all the documents for your Living Trust, our Living Trust Package includes the following: Trust Articles, Pour Over Will, Power of Attorney, Advanced Healthcare Directive, Short Form of Trust, and a real property Deed. We can prepare as many Deeds as you may need for a small additional fee.
It's your life, your assets and your loved ones -- make sure they're taken care of the way YOU want!
Amendments to Trust - An amendment is an add-on to your existing trust, for example: adding or removing beneficiaries or naming a new successor trustee. Everything else about your trust remains the same – including the trust’s name -- so there is no need to re-title your trust property,
Revocation of Trust - Revoking a trust involves removing all items in the trust and returning them to the trustees name.
Wills - A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his or her estate and provides for the distribution of his or her property at death.
Codicil to Will - An addition or supplement that explains, modifies, or revokes a will or part of one.
Advanced Healthcare Directive - An advance health care directive, also known as living will, personal directive, advance directive, or advance decision, is a legal document in which a person specifies what actions should be taken for their health if they are no longer able to make decisions for themselves because of illness or incapacity.
Power of Attorney - A power of attorney is a legal document that gives someone you choose the power to act in your place. In case you ever become mentally incapacitated, you'll need what are known as "durable" powers of attorney for medical care and finances.
Affidavit or Petition to Note Death or Marriage or Divorce, etc. - a document filed with the Bureau of Conveyances and/or Land Court that verifies the proof of the matter requested.