A Living Trust allows you to legally decide two important issues regarding your wealth: how you want your assets and property managed while you are alive, and how you want your assets and property distributed after your death.
There are three main types of Living Trusts: a Joint Living Trust, a Single Living Trust or an A/B Living Trust. These types of asset management structures can provide for the distribution of property upon your death, just like a Will. But a Living Trust is more effective in many ways: a Will only takes effect upon death, while a Revocable Living Trust provides the same ability to determine asset distribution upon death AND provides a tool for protecting and managing property and assets during your lifetime!
Below are some Living Trust products and services examined by the American Legal Review:
Plan your estate with this comprehensive Living Trust software! For years, financial planners and attorneys have used Living Trusts as a way to ensure that property is protected and passed on from one generation to the next. A Revocable Living Trust provides a safe and legal way to manage your assets -- both during your lifetime and upon your death. And since the software includes all of the fill-in-the-blank legal forms and detailed instructions necessary to create either a Joint Trust, a Single Trust or an A/B Trust, the Living Trust software from Standard Legal is a great value in one easy-to-use package!
LEARN MORE: Living Trust Software from Standard Legal
FindLegalForms.com offers a variety of state-specific Living Trust options:
A living trust form is used to prepare your estate. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. The trust then owns and manages the property held by the trust through a trustee for the benefit of the named beneficiary, usually the creator of the trust (settlor).
Creating a Living Trust can be a complicated legal process. There are often a significant number of legal forms to prepare and file. If you come to the decision that you cannot handle the paperwork and required legal filings, then you need to find the best local attorney you can to help you.
But what's the best way to go about finding an attorney?
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