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HOME EXPERIENCE COMMITMENT PHILANTHROPY TESTIMONIALS CONTACT US CALL US AT 1-866-TRUST- 99 |
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Contact us today at 1-866-TRUST-99 for a no cost attorney consultation |
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. Our goal is to provide outstanding client service at an affordable cost to you. . LIVING TRUSTS
Are you concerned about protecting your family should something happen to you? Our Living Trust may help to protect your family. More individuals are placing their personal assets into living trusts since they are flexible for managing, protecting and distributing your assets to your loved ones.
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. . . . Education Center Flahive Law Corporation’s Education Center allows you to access the information you need to research your legal questions to make informed decisions. With our education center, you find useful information related to estate planning, family law, bankruptcy, business planning, and IRS tax debt. .. . Press Releases and Blogs Gregory and Cynthia Flahive and their team of experienced attorneys have dedicated their practice to providing you outstanding legal representation. They frequently post information in the media to better educate you. Visit back often to check for updated information you need to know.
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The firm is also a proud member of the American Bar Association
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A living trust is created during your lifetime and your assets are placed into it. Once we have established your Living Trust, it takes effect immediately to begin protecting your family. You still control your assets while you are living. Our Living Trust is fully revocable during your lifetime, which means that its terms are changeable and assets in the revocable trust can be re-transferred to your personal name without any tax consequences. Our Living Trust is a private document where the distribution of assets under it are not subject to the publicity given to wills in probate proceedings. The complete flexibility of our Living Trust means that it can be drafted to suit your individual needs and family situation and it will be honored in other states should you decide to move.
When you create a living trust you can act as your own "trustee" or "manager" so there is no loss of control. You can change or modify the trust terms at any time, change beneficiaries, add or delete assets held by the trust.
While protecting your property with our Living Trust you can do whatever you can do now with your assets and property. You can buy, sell, borrow, make gifts, etc. You retain control over all your property and assets during your lifetime and you determine distribution of your estate after your death. Since our Living Trust is revocable, it has no income tax consequences during your lifetime. Also, you do not have to file a separate tax return while you living either.
A married couple can possibly eliminate the estate taxes that may be due when you pass away with our revocable Living Trust. How much you can save depends on the size of the estate and the estate tax laws at the time of your death.
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Our Living Trust also allows you to AVOID PROBATE. Probate is a court procedure that is generally required if your assets are distributed without a living trust. Probate proceedings can cost your estate between 5%-10% of the gross value of your estate. Probate may take six months to a year or longer and is a matter of public record for all to see. Our Living Trust can avoid the delay in distributing your estate so the assets of your estate can be distributed to your family upon your death.
With our Living Trust the trustee can manage and invest trust funds for your children. Additionally, you can manage a beneficiary's assets to whatever age you desire. The management of your children's asset can include disbursement of assets in increments at certain ages. Once completed, our Living Trust will begin immediately for the benefit of your family should something happen to you.
Our Living Trust can protect your family should something happen to you. We can help you with your revocable living trust by calling us at: (866) TRUST- 99 or by clicking on one of our Contact Us links for your free attorney consultation. |
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