Revocable Living Trust Package
Plan Features
Protection for Your Loved Ones
- Guardian Designation: Name guardians for your minor children.
- Pet Care Planning: Name pet caretakers and set aside funds to provide for their lifelong care.
- Homestead Protection: Safeguards your home when transferred into your trust.
- Financial Advisor Guidance: Directs heirs to your trusted advisor after your passing.
- Trustee Compensation Language: Clarifies how your trustee is paid for their work.
Flexibility for Married Couples
- Disclaimer Trusts are included for all married couples, with the option to split assets at the first death.
- AB Trusts & QTIP Trusts are available for couples seeking additional tax planning or asset protection strategies.
Personalized Distribution Options
- Leave specific gifts or family heirlooms to loved ones.
- Delay distributions in cases of addiction, gambling, or creditor issues.
- Convert a beneficiary’s share to a Special Needs Trust if appropriate.
- No-Contest Clause discourages disputes by removing shares from challengers.
Tax & Retirement Account Benefits
- IRA Pass-Through Language: Gives your trustee flexibility with inherited IRA assets.
- Federal & State Tax Elections: May minimize or eliminate estate taxes.
- QDOT Language: Protects non-U.S. citizen spouses from unnecessary estate taxes.
Built-In Safeguards
- Catastrophic Event Protection: Covers “common disaster” scenarios.
- Qualified Subchapter S Corporate (QSST) Language: Protects business interests.
Optional Enhancements
- Restatement of an existing trust
- Alternate names (AKAs) for assets
- Separate trusts for each spouse
- Right of occupancy for blended families
- Divorce & creditor protection provisions
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Disclaimer: SMB Paralegal Services, LLC. is not a law firm, and its employees are not attorneys. We do not provide legal advice. The information provided on this website is for informational purposes only and should not be construed as legal advice.
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