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Estate Planning / Living Trusts

Estate Planning:

  • Living Trusts
  • Advance Directives button_01
  • Power of Attorney
  • Wills

Click here for our: Frequently Asked Questions

Living Trusts; Estate Planning

A Living Trust is one aspect of what is commonly referred to as Estate Planning.

A Revocable Living Trust is a document which outlines in detail exactly who you desire to receive your entire estate at the time of your death.

The advantage of a revocable living trust is that you can avoid the cost of probate proceedings, costs which are paid out of your estate at the time of your death.

An additional reason why revocable Living Trusts are so popular is that you can cancel your living trust at any time with no adverse effects to you or your estate.

If you decide to create a revocable living trust it is often a good idea to also have a “Will”, a Durable Power of Attorney, and a Health Care Power of Attorney. Drafting a Will with your Living Trust, also known as a “Pour Over Will” allows you to include in your Living Trust, assets which for some reason you left out of your Revocable Living Trust at the time it was created.

A Durable Power of Attorney allows you to appoint a trusted person to act as your financial manager, in your place, if the need arises in the future.

A Health Care Power of Attorney allows you to appoint a trusted individual to make medical decisions, according to your wishes, on your behalf when you are no longer able to do so. SmallBrochure

A very effective yet simple estate plan, is to have drafted at the same time the following documents: Revocable Living Trusts, A Living Will, a Durable Power of Attorney and a Health Care Power of Attorney. Often times these are all the documents you will need to protect your assets.

We here at the Law Office of Dennis M. Schuster are able to assist you in the creation of all your estate documents. Email us for our Living Trust booklet.