While it is easy to get distracted by current events, we mustn’t forget about estate planning. If you already have one of my revocable living trust (RLT) plans, you have taken a vital step in protecting yourself and your loved ones. Consider the following true story with the names changed for privacy purposes.
Not long ago a new client, Jill, came to me for help after her husband, Dave, had recently passed away. Although it was a tragic and emotional situation, she had little time to grieve. There were bills piling up and family disagreements followed closely behind. As is all too common, they hadn’t prepared for this unfortunate situation. Probate Court proceedings were required. Jill was overwhelmed with hours of tasks, paperwork, deadlines, and pricey Probate Court appearances–leading to initial legal fees exceeding $15,000!
If Dave had created a revocable living trust for himself, Jill would’ve been able to avoid Probate and save a substantial amount of money. Dave could have named her as successor Trustee. She would be able to take control without Court interference. My experience allows me to incorporate many features into an RLT that would’ve made Jill’s painful experience MUCH easier.
Don’t entrust your assets to an amateur. As an Accredited Estate Planner and Super Lawyer in taxation, I have the knowledge needed to help you protect yourself and your family.
Contact me for more information.