Comprehensive Revocable Living Trust Estate Plan

A Comprehensive Revocable Living Trust Estate Plan prepared by Day & Associates is an excellent way to achieve the many benefits of a thorough estate-planning package.

Benefits of the Comprehensive Revocable Living Trust Estate Plan:

  • Avoids probate at death, it is expensive (sometimes 7% or more of the gross estate), and time consuming (9 – 24 months)
  • Prevents court control of assets at incapacity and can help avoid costly conservatorship
  • Provides maximum privacy
  • Allows for quicker distribution of assets to heirs on death
  • Can be revoked or changed at any time
  • Can reduce or eliminate estate taxes
  • Can protect minors with special needs 

Documents Included in the Living Trust Estate Plan
  • Revocable Living Trust (if married, Joint with A/B/QTIP provisions, if appropriate)
  • Trustee’s Certification of Living Trust
  • Community Property Agreement (if both spouses choose to have one)
  • Pour-over Wills
  • Durable Powers of Attorney for Asset Management, Funding and Special/Limited Powers
  • Advance Medical Directive (Power of Attorney for Health Care) with HIPAA release forms
  • General asset transfer documents and letters
  • Specific transfer documents (i.e., Quitclaim or Trust Transfer Deed for primary residence)
  • Explanatory materials regarding selected estate-planning concepts
  • Location Lists
  • Final Instructions Checklist and Burial Instructions Forms

Contact Day & Associates today for help establishing an effective revocable living trust estate plan today.