single and family revocable trust
Packet Includes: ($1,250)
Revocable Living Trust
Certificate of Trust
Memorandum for Distribution of Personal Property
Financial Power of Attorney
Healthcare Power of Attorney
Transfer Deed for real property
Declaration of Homestead
Complete the online Trust questionnaire
Review and print all completed forms
File completed and signed forms with two witnesses (if signed in person for the Pour-Over Will/Living Will portion) or via E-notary online (an electronic Will do not require two witnesses in Nevada) and a notary. Additional fees apply for eNotary and filing property deeds with the County Recorder for your County.
HOW IT WORKS:
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 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. Legally you no longer own anything as everything now belongs to your trust. So there is nothing for the courts to control when you die or become incapacitated.
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.