Living Trust Legal Forms Software


About Living Trust Legal Forms Software

What is the Living Trust Legal Forms software?

Did you know you clan your estate yourself with this comprehensive Living Trust software!

For years, financial planners and attorneys have used Living Trusts as a way to ensure that property is protected and passed on from one generation to the next. A Revocable Living Trust provides a safe and legal way to manage your assets -- both during your lifetime and upon your death. And since the software includes all of the fill-in-the-blank legal forms and detailed instructions necessary to create either a Joint Trust, a Single Trust or an A/B Trust, the Living Trust software from Standard Legal is a great value in one easy-to-use package! Complete details below...

 CREATE ALL THE LEGAL FORMS YOU NEED QUICKLY, EASILY, AFFORDABLY!   

Have a Living Trust question?
 
REVOCABLE LIVING TRUST LEGAL FORMS SOFTWARE: JOINT TRUST, SINGLE TRUST, A/B TRUST

A Living Trust allows you to legally decide two important issues regarding your wealth:
  1. how you want your assets and property managed while you are alive, and
  2. how you want your assets and property distributed after your death.
A Living Trust can provide for the distribution of property upon your death, just like a Will. But a Living Trust is more effective in many ways: a Will only takes effect upon death, while a Revocable Living Trust provides the same ability to determine asset distribution upon death AND provides a tool for protecting and managing property and assets during your lifetime!

A Living Trust empowers a designated Trustee to manage the trust's assets and property for the benefit of you and your family. The Trustee can be anyone you choose -- including yourself! The asset management in a Living Trust covers any number of financial or property-based transactions: making one-time or recurring cash payments to a beneficiary; transferring assets upon a designated date; making financial moves under a specific set of circumstances; etc.

If I Become Incapacitated...

Further, should you become physically or mentally incapacitated, a Living Trust is critical: it allows you to designate how you want your estate handled without any direct court intervention or supervision. You stay in control of your assets by making decisions and outlining them within the Trust in advance of any incapacitation! The Probate Court is kept out of the management of your estate!

Upon your death, the successor Trustee that you appoint within the Living Trust will act much like the executor of a Will: the Trustee will gather your assets; will pay any valid debts, claims and taxes; and will distribute your property and assets as you have clearly directed. More importantly, the structure of a Living Trust means the assets are owned by the Trust and are not part of the deceased person's estate -- so there is usually no need for a Probate Court's approval before the transfer. As such, the often time-consuming and costly probate process can be avoided!

This Living Trust software allows you to determine the type of Trust desired, based completely on your personal situation. Using the comprehensive information and instructions provided, you determine the type of Trust that makes the most sense for you and your family. Pick from any of these Trust structures, as all are included in the software:

  • Joint Trust: For use by married couples whose property in total is worth less than $1,500,000 and who want to provide income to themselves while both alive, then to the surviving spouse, and finally to transfer property to children/beneficiaries after the death of the second spouse so as to avoid probate issues. There is no real need to address federal estate tax issues, as the property will generally pass under the marital tax credit (although the laws concerning such credit are constantly changing).
  • Joint Trust for Married Persons without Children: allows a married couple without children to establish a trust with a specifically named beneficiary, to allow the couple to pass along their estate to a charity, a non-relative, a cause, etc.
  • Basic Revocable Trust for Non-Married Persons with Children: For use by a single person whose property in total is worth less than $1,500,000 and who wants to provide income to him or herself during his or her life, and then transfer property to children/beneficiaries after their death so as to avoid probate issues. There is no real need to address federal estate tax issues, as the property will generally pass under the unified tax credit (although the laws concerning such credit are constantly changing).
  • Basic Revocable Trust for Non-Married Persons without Children: For use by a single person whose property in total is worth less than $1,500,000 and who wants to provide income to him or herself during his or her life, and then transfer property after their death (so as to avoid probate issues) to the persons that are named as designated beneficiaries. This document is useful for those who do not have children, do not want to transfer property to their children or who merely want additional flexibility in the transfer of property after their death. There is no real need to address federal estate tax issues, as the property will generally pass under the unified tax credit (although the laws concerning such credit are constantly changing).
  • A/B Trust: If you are married and your estate is valued over $1,500,000, consider utilizing the A/B Trust Form documents; this will allow you to take advantage of certain estate tax exemptions totaling $1,500,000 (or more in the future; see the A/B Trust documents for details).
Once the type of trust is determined, you create the Living Trust documents necessary by completing the fill-in-the-blank legal forms that are provided within the software. These legal forms include:
  • Revocable Living Trust Forms
  • Assignment of Assets Form
  • Quitclaim Deeds for Real Property
  • Pour-Over Will Forms
  • Living Will with Advanced Healthcare Directive
  • Notice of Final Disposition of Bodily Remains
  • Durable Power of Attorney for Property
  • Certificate of Trust
  • HIPAA Medical Records Release Authorization
If you were to purchase these legal forms as individual software titles, the total cost would be in excess of $100. But by choosing the Standard Legal Living Trust package, you get all of these legal forms plus a thorough overview of Trusts and how to use them, for much less!

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Page Updated 3:27 PM Tuesday 2/21/2012 Dallas - Fort Worth, Texas