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Estate Planning Simplified
Book With CD-ROM
All States
By Attorney Daniel Sitarz, Nova Publishing, Business & Consumer
Legal Books & Software
List Price: $34.95
Our Price: $25.95
Did You Know?
A LAST WILL & TESTAMENT
is written document which leaves the estate of the person who
signed the will to named persons or entities (beneficiaries,
legatees, devisees) including portions or percentages of the
estate, specific gifts, creation of trusts for management and
future distribution of all or a portion of the estate (a testamentary
trust), see
last will & testament.
Did You Know?
A CODICIL is a written
amendment to a person's will, which must be dated, signed and
witnessed just as a will would be, and must make some reference
to the will it amends, see
codicil.
Did You Know?
A LIVING WILL is document
authorized By statutes in all states in which a person appoints
someone as his/her proxy or representative to make decisions
on maintaining extraordinary life-support if the person becomes
too ill, is in a coma or is certain to die, see
living will.
Did You Know?
A LIVING Trusties sometimes
called an inter vivo (Latin for "within one's life") trust,
a trust created by a declaration of trust executed by the trustor
or trustors (also called settlor or settlors) during his/her/their
lifetime, as distinguished from a "testamentary trust," which
is created by a will and only comes into force upon the death
of the person who wrote the will, see
living trust.
Did You Know?
A POWER OF ATTORNEY FOR HEALTHCARE
is a written document stating that one person gives to another
the full power and authority to make healthcare decisions for
that one person when he or she is unable to,
power of attorney for healthcare.
Did You Know?
PROBATE is the process
of proving a will is valid and thereafter administering the
estate of a dead person according to the terms of the will,
see
probate!
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Trust / Living Trust / Land Trust
/ A-B Trust
In this Section:
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In-store notarizing is available at our
Federal Way and Tacoma offices. To view
our prices
click here. We do not charge for notarizing
a Last Will & Testament if you donate nine
non-perishable items of food. All
donations benefit
Northwest Harvest. We do not supply
your witnesses as is required for a Last
Will & Testament; please bring them with
you. If you purchase a service that requires
a notary, one shall be provided at no additional
cost at our Federal Way, Renton, Tacoma
offices. Presently, our Renton office does
not do walk-in notaries.
Mobile Notary Service to select areas
is also available.
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Bestsellers
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Trust Forms, Books, Kits, &
Software
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A-B Trust Kits
- Instructions
- Forms
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- Alpha Publications
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Description: The complete do-it-yourself
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A-B Trust Declaration that includes a Q-Tip
provisional trust, plus...
Declaration of Irrevocable Trust
- Form
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Description:
Consists of...
Estate Planning Simplified
- Book
- CD-ROM
- All States
- By Attorney Daniel Sitarz
- Nova Publishing, Business & Consumer Legal Books
& Software
- List Price: $34.95
- Our Price: $25.95
Description: Everything you need
to prepare a comprehensive estate plan. This easy-to-understand
reference will help you to quickly and easily prepare
a customized estate plan to meet all of your needs.
Using this book and the accompanying CD, you can prepare
a standard will,
a living trust, a...
Estate Planning Toolkit
- Book
- CD-ROM
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- By Attorney Daniel Sitarz
- Nova Publishing, Business & Consumer Legal Books
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Description: A complete source
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This valuable reference provides...
Land Trusts for Privacy
& Profit:
Using the "Illinois-type" Land Trust in Other States
- Book
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- Sphinx Legal, A Division of Sourcebooks
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Description: This book explains
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It explains in detail all the steps from setting up
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a trust...
Living Trust Agreement
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Description: Avoid probate with
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The
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Living Trust Kits
- Instructions
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- Alpha Publications
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Living Trust Simplified Kits
- Book
- CD-ROM
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- By Attorney Daniel Sitarz
- Nova Publishing, Business & Consumer Legal Books
& Software
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Description: How can you protect
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Living Trusts & Other Ways to Avoid Probate
- Book
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- By Attorney Karen Ann Rolcik
- Sphinx Legal, A Division of Sourcebooks
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Description: Passing your estate
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Make Your Own Living Trust
- Book
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- Nolo Press
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Description: Death may be inevitable,
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Make Your Own Living Trust
explains...
The Complete Living Trust Kits
- Book
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- By Attorney Karen Ann Rolcik
- Sphinx Legal, A Division of Sourcebooks
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Description: Did you know that
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A Living Trust can...
Wills & Trust Kits
- Book
- All States
- By Attorney Douglas E. Godbe
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Description: Providing for your
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You can ensure that all of these needs are met with
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ESTATE PLANNING LINKS
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Living Trust:
Sometimes called an inter vivos (Latin
for "within one's life") trust, a trust created by a
declaration of trust executed by the trustor or trustors
(also called settlor or settlors) during his/her/their
lifetime, as distinguished from a "testamentary trust,"
which is created by a will and only comes into force
upon the death of the person who wrote the will. A living
trust should not be confused with a "living will," which
provides for medical care decisions when a person is
terminally ill. While a living trust is a generic name
for any trust which comes into existence during the
lifetime of the person or persons creating the trust,
most commonly it is a trust in which the trustor(s)
or settlor(s) receive benefit(s) from the profits of
the trust during their lifetimes, followed by a distribution
upon the death of the last trustor (settlor) to die,
or the trust continues on for the benefit of others
(such as the next generation) with profits distributed
to them. There are other types of living trusts including
irrevocable trust, insurance trust, charitable remainder
trust and some special- ized trusts to manage some parts
of the assets of a person or persons.
Simply speaking a Trust is a fictitious
legal entity which owns assets for the benefit of a
third person (beneficiary). A Living Trust is an effective
way to provide lifetime and after-death property management
and estate planning. When you set up a Living Trust,
you are the Grantor; anyone you name within the Trust
who will benefit from the assets in the Trust is a beneficiary.
In addition to being the Grantor, you can also serve
as your own Trustee (Original Trustee). As the Original
Trustee, you can transfer legal ownership of your property
to the Trust. This can save your estate from estate
taxes when you die. Just remember that it does not alleviate
your current income tax obligations.
There are a variety of Trusts you
can set up, which include these common choices: Living
Trust, Spendthrift Trust, Bypass Trust (also know as
a Life Estate or A-B Trust), Totten Trust and Testamentary
Trust. The type of trust available through this service
is the A-B Trust, which is designed to let the $1 million
tax exemption be used by each spouse.
Through the A-B Trust, the surviving
spouse can receive any portion of the decedent's estate
free of estate tax. The surviving spouse never legally
owns the property within the Trust because it's legally
owned by the Trust. The spouse can use the assets and
property within the estate with certain restrictions.
[Back to top]
Irrevocable Trust:
A trust which cannot be changed or
canceled once it is set up without the consent of the
beneficiary. contributions cannot be taken out of the
trust by the grantor. Irrevocable trusts offer tax advantages
that revocable trusts don't, for example by enabling
a person to give money and assets away even before he/she
dies. (opposite of revocable trust.)
[Back to top]
Revocable Trust:
A trust that may be altered or terminated
during the grantor's lifetime. Since the trust may be
altered at any time until the grantor's death, it is
considered part of the grantor's estate and is subject
to taxation. The property is passed on to the beneficiaries
only after the grantor's death, and the revocable trust
then becomes irrevocable.
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Complete Estate Planning Kits
All States
By InfoAmerica
List Price: $34.95
Our Price: $22.95
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| COMPLETE
-- This online package includes all of the necessary
state-specific documents to fully create an effective,
all-encompassing estate plan, living trust or will,
including "HIPAA" compliant health care powers (incorporating
a "living will") and the deeds to transfer real property.
See
living trusts to learn more! |
Did You Know?
Do It Yourself Documents offers
specials and discounts that change weekly!
Did You Know?
Do It Yourself Documents carries state-specific items for
all 50 states and DC.
Did You Know?
Sixty percent of bankruptcies and seventy-five
percent of divorces in California are done
without lawyers!
Did You Know?
Read what
Consumer Affairs
has to say about
legal kits.
Did You Know?
A POWER OF ATTORNEY
is a written document signed By a person giving another person
the power to act in conducting the signer's business, including
signing papers, checks, title documents, contracts, handling
bank accounts and other activities in the name of the person
granting the power, see
power of attorney!
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