A REVOCABLE LIVING TRUST based estate plan provides instructions that will allow you to:

• Control your property while you are alive

• Take care of you and your loved ones in the event of disability

• Pass your property to your heirs when and how you want while maintaining privacy

• Ensure that you and your spouse have sufficient assets to maintain your standard of living now and in retirement

• Maintain maximum control and flexibility during your lifetime

• Provide for you in the event you become disabled

• Simplify administration as much as possible upon your death or disability (avoiding probate & guardianship)

• Avoid having your private matters being made public unnecessarily

• Ensure that the efforts you desire are used to save your life

• Have your property continue to benefit the survivor after one of you dies

• If married, protect your assets so that they cannot be lost as a result of remarriage after the death of one of you

• Ensure that the persons you select in fact become the guardians of your minor children

• Protect your children's or grandchildren's inheritance from mismanagement

• Structure your children's or grandchildren's inheritance in such a way that it installs values and virtues

• Educate your children and grandchildren

• Reduce the risk of litigation from heirs who receive less than they think they are entitled to

• Minimize income taxes to the extent possible

• Avoid or minimize capital gain tax on the sale of assets

• Eliminate as much estate tax as possible

 

 

 

 

 
Wealth Counsel Advisor Forum Estate Planning