Living Trust/Wills

 


Living Trust

 

A living trust is similar to a will in that it lets you control who gets your property when you die, or who becomes the guardian of any minor children. The primary benefit of a living trust is that it can help your beneficiaries avoid the expense and delay of probate. Probate is the court-directed process of distributing a person’s assets and possessions after death. The probate court governs the distribution of your estate according to the instructions of your will (if you left one), or if you did not have a will - according to your state’s rules of intestate succession. At death, most property must pass through probate before it can be inherited. However, property transferred to a living trust prior to death does not. This is why most people prepare a Living Trust – to avoid probate.  Also, Probate is a matter of public record; a Living Trust is a private document.

By The People creates a Revocable Living Trust.  It is called revocable becuase you can change your trust anytime during your lifetime. Our Trust package includes the standard Durable Power of Attorneys for Financial and Healthcare decisions, HIPPA, and living will (regarding end-of-life decisions). 


Wills

 

Many people use a will to accomplish their estate planning goals. A will is a document that indicates your desire about the distribution of your assets and property following your death. A will gives you decision-making control over who will be responsible to administer your estate and follow your wishes (i.e., the executor or personal representative), who gets what (the beneficiaries) and also, how and when they are to receive it. For those with minor children, what is most important is that a will allows you to state who you want to be responsible for the care of your children (guardian). Without a will these decisions will be made by the court, not you.

Wills however, are subject to probate. Probate is the court-directed process of distributing a person’s assets and possessions after death. The probate court governs the distribution of your estate according to the instructions of your will.

Divorce $349/399
Incorporation $199
LLC $199
Living Trust $429/449
Wills $99
Evictions $149
Power of Atty. $79/129
Deeds $79
Small Claims $99
Trademark
$129
Immigration Call
Bankruptcy $150
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Contact Info

By The People
16050 S. Tamami Tr.
(US 41)
Ste 104 (in Horizon Plaza)
Fort Myers, FL 33908
Phone: (239) 267-9955
FAX: (239) 267-9977
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