Who needs the TrustLock membership?
Everyone. Whether your estate is worth $10,000 or $10,000,000 the TrustLock Estate Plan has been designed for you and your family to obtain the highest quality estate planning documentation available.
Why You should create a Revocable Living Trust?
Probate Avoidance.The creation of a Revocable Living Trust is the smartest way to make sure your assets are distributed the way you want them to be. Without any written document evidencing your intent to distribute your estate, at your death, the court and attorneys will determine the fate of your estate. Therefore, it is essential that you create an estate plan to formally plan your estate using a revocable trust. The TrustLock Estate Planning Plan provides your family with the best opportunity to for your children to obtain possession of your assets without delay or expense after your death.
Do I need a Pour Over Will as part of My Estate Plan?
No. Probate attorneys love the Last Will and Testament as the primary testamentary document to be used to distribute your assets at your death. The reason: money. Probate attorneys earn fees from your estate when they file your Will with the probate court. Without this probate court filing, your Will cannot direct the disposition of your estate. In order to avoid the cost and expense of probate court, TrustLock has created the Trustlock Estate Plan. This Estate Plan consisting of the revocable living trust as well as associated estate planning documents provides your children and heirs with all of the legal documents necessary to effectuate your estate planning goals. The unique design of the TrustLock Revocable Living Trust provides for the complete elimination of the necessity of a Pour Over Will. If you forget to transfer any asset to your Trust before death, you Living Trust provides your heirs with the legal ability to transfer those assets without necessity of Pour Over Will.
How often should I update my Living Trust?
At least once a year. It’s a good idea to consider updating your Living Trust whenever you have a big change in your life. A marriage, the birth of a child, a new business venture, or the purchase of a home are great reasons to review your Living Trust Estate Plan. The TrustLock Estate Plan allows you to constantly revise your Living Trust and related Estate Planning documents at any time! Unlike having your documents prepared by a traditional law firm or other source, the TrustLock Estate Plan will provide you with the type of flexibility necessary to make changes to your estate planning documents at any time-with no additional cost or expense.
Does the TrustLock Living Will incorporate a Living Will and Durable Power of Attorney for Healthcare?
Yes. Both these estate planning documents can help you make tough healthcare decisions now that might affect you and your family in the future. With a Power of Attorney, you appoint an agent who you trust to make these decisions for you, while with a Living Will, you can expressly lay out the sorts of treatment you do and do not want to receive. TrustLock has created a unique Living Will (Health Care Directive) that incorporates the language of both the traditional Living Will and the Durable Power of Attorney for Healthcare. Therefore, you get the best of both worlds when you incorporate the TrustLock Living Will into your estate planning documents.