ESTATE PLAN ©
- Customizable Revocable Living Trust
- Certificate of Trust
- Pour-Over Will
- Memorandum for Distribution of Personal Property
- Burial instructions
- Financial Power of Attorney
- Healthcare Power of Attorney
- HIPPA Authorizations
- Transfer Deed for real property
Downloadable DIY Checklist (so you don't miss anything)
Tutorial Video to complete your documents with confidence!
Your Revocable Living Trust
A will may not be the best plan for you and your family as a will does not avoid probate when you die. A will must be validated by the probate court before it can be enforced.
A will can only go into effect after you die, it provides no protection if you become physically or mentally incapacitated. So the court could easily take control of your assets before you die.
There is a simple and proven alternative to a will; the revocable living trust. It avoids probate and lets you keep control of your assets while you are living if you become incapacitated, and allows your heirs to effectively manage your assets and estate after you die.
When you set up a living trust, you transfer assets from your name to the name of your trust, which you control and manage. You still keep full control of your estate. As a trustee of your trust, you can do anything you could do before -- buy and sell assets, change or even cancel your trust. That's why it's called a revocable living trust. You even file the same tax returns. Nothing changes but the names on the titles.
What is a Will?
A Will is a written legal document by which a person, the Testator (person who made the Will), expresses their wishes as to how and to whom (Beneficiaries) their property is to be distributed at death. The Will also names one or more persons as the Executor. This is the person who will manage your affairs and will file with the Court for the Probate process.
What is Probate (the short and dirty version)?
Probate is the court-supervised, legal process in which the affairs of a deceased person are settled.
Society wants to protect deceased people's things. So when a person passes away, those assets, accounts, and debts that a person once had are locked down and closed by the financial institutions. This is so someone can't just walk in and take a deceased person's things, rack up debt, or take assets that they may not be entitled to. The Probate process is the court process in which your heirs (if you don't have a Will), or Executor (if you have a Will), will file paperwork with the Court in which the Decedent (the person who passed) was a resident.
Want to learn more about Probate, click here!
The Probate Process:
After a person passes, the Will is submitted (Lodged with) the Court. States have different timelines in which to do this. For example, Nevada is within 30 days after the person has passed. The Executor will then file a series of documents (Petition) with the Court to begin the probate process.
The Will is just the "instructions" to the Court.
HOW IT WORKS
*Click here or any of the underlined words to be taken to the Glossary of Terms
READY TO DO IT YOURSELF?
Your Estate Plan includes all the documents your heirs will need to manage your affairs.
Includes downloadable, editable (.docx ) files, containing the following documents:
The following documents are included:
the Trust document itself,
the Certificate of Trust,
Powers of Attorney for both Financial and Medical,
Personal Property Memorandum
Declaration of Remains,
Property Deed transfer for any real property you may own
How to Tutorial Video which walks you through the documents and how to customize them to your specific and personal information.
Definition list of common legal terms
BONUS! - Checklist to make sure you don't miss anything
Not ready to do it yourself?
Click here to have High Sierra Legal
complete your specific Your Estate Plan for you.
This is a downloadable, fillable, and customizable general template to create Your Estate Plan. Purchase and use of this package DOES NOT create a legal relationship between you and High Sierra Legal, LLC. Nothing contained on this site, downloaded by you, or consumed from this site shall be construed as legal advice and all documents you prepare or used from this site should be reviewed by a local attorney in your area to ensure they fit your specific needs and any and all laws specific to your area. Use and purchase of any documents are subject to these Terms and Conditions.