Living Trust “Anchored” Estate Planning provides all the terms and conditions selected to manage aspects of the person or persons who create the trust. The person or persons who create the trust have several titles which mean the same thing; “grantor,” “settlor,” or “trustor.” Trusts do not have executors; Wills have executors.
Living trust anchored estate planning focuses on protecting the grantor’s physical life and material wealth, using all the legal techniques available to do so. After the death of the person who created the revocable trust, the trust will become irrevocable and hold or distribute the decedent’s property in the manner instructed in the trust(s). Successful distribution requires up to the minute legal and tax knowledge to successfully manage the entire estate. This process protects the grantor(s). It provides continuous protection for specific individuals, known as beneficiaries.
Estate Planning Instruments, Techniques, and Our Process:
TRUSTS: Living Trusts • Revocable Trusts • Irrevocable Trusts • Life Insurance Trusts • Trusts • Supplemental Needs Trusts • Special Needs Trusts • Pet Trusts • Land Trusts • Charitable Trusts
SUPPORTING TRUST DOCUMENTS: Amendments • Certifications • Assignments • Powers of Appointment • Trustee Affidavits
WILLS: Stand Alone Will Based Estate Plan • Pour-over Wills to Supplement a Trust
SUPPORTING WILL INSTRUMENTS: Codicils
POWERS Of ATTORNEY: General Durable Power of Attorney • Limited Power of Attorney • Uniform Statutory Power of Attorney
HEALTH CARE DOCUMENTS: Advance Health Care Directives1 • HIPAA Declarations • Physicians Directives - formerly known as Living Wills.
ENTITIES: Limited Liability Companies ("LLC") • Limited Partnerships • General Partnerships • C-Corporations • S-Corporations • Non-Profit Corporations • Public Benefit Corporations
CLIENT MENTORING: Advise the Settlor on trust funding issues • Guidance through the Process and Procedures of Probate and Trust Administration • Selecting the best candidates for legal positions
PREPARING WORKING DOCUMENTS: While this is a technical legal process it requires the active participation of the future settlor(s) in assembling a great deal of information.
EVALUATING THE PLAN AND ALL ITS COMPONENTS PLAN EXECUTION
A Living Trust “Anchored” Estate Plan is plan in which all the documents are all designed to support the trust’s purpose. Therefore, we demonstrate how that happens with the document’s that have just drafted.
1 Your Trustee or Executor may have a very difficult time dealing with your remains without this legal instrument.
