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The founders of the Springer & Pollock law firm each have over 35 years experience in working with clients in formulating estate plans utilizing the revocable living trust. Over the years they have seen estates needlessly subjected to costly and protracted probates resulting from poorly drafted do-it-yourself or paralegal drafted living trusts and wills. Committed to making quality estate planning available to everyone regardless of the size of their estate, Stanley Springer and Woodrow Pollock have taken their years of accumulated estate planning experience and "know-how" and developed an affordable living trust estate plan. The Springer & Pollock Living Trust is now available to everyone regardless of the state of their domicile or the size of their estate. Many internet living trust sites ask you to furnish highly confidential financial information under the guise of needing this information in order to prepare your living trust. They ask for your social security number, your date of birth, your banking and credit card information, etc. The very information that an unscrupulous individual would need to easily strip you of your financial assets. At Springer & Pollock, we do not ask you to disclose such sensitive and confidential information. This information is not required to create the necessary living trust estate plan documents. Included in the Springer & Pollock living trust are pages where you can insert this information in the privacy of your own home and away from the eyes of those who have no business having such sensitive information. |
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DON'T GAMBLE THAT YOUR ESTATE WILL BE HANDLED ACCORDING TO YOUR WISHES WITH A DO-IT-YOURSELF OR NON-LAWYER DRAFTED LIVING TRUST.
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Over
35 Years of Experience
For most people, the Living Trust has become the best method and least expensive way of avoiding probate and saving taxes.
A Living Trust is a written document which allows you to transfer your assets into your trust, for you and your heirs.
You are the trustee of your Living Trust, and you continue to manage and control your property as you do now.
You also choose your successor trustee, the person or persons you want to manage your property upon your incapacity, and to distribute your estate to your beneficiaries upon your death.
You may change or cancel your Living Trust at any time.
Whether you have a small estate or a large estate, a Living Trust offers you substantial savings and other benefits.
ADVANTAGES OF A LIVING TRUST
1. A Living Trust avoids complex probate proceedings.
Probate is the court process by which your assets are transferred to your heirs after your death. During probate your executor must get court approval before your executor can pay your bills, sell any property or distribute your property to your heirs. Many times your property must be sold to pay the costs of probate.
In most states Probate fees are based upon the gross value of your property. There is no allowance for your mortgages and other liabilities. There are other fees in addition; fees for court filing, publication to creditors and miscellaneous "costs of administration".
With a Living Trust, there is no necessity to go through probate. The high costs of probate can be avoided.
2. A Living Trust avoids out-of-state probate.
If you have property in another state, upon your death that property must go through probate in that state.
With a Living Trust, the out-of-state probate is eliminated and the property will pass directly to your heirs.
3. A Living Trust allows quick distribution to your heirs.
The normal probate usually takes between one to two years. Complex probate can take much longer. The estate does not have to be large in order for it to be a complex probate. During this period of time, assets are frozen and cannot be distributed to your heirs.
With a Living Trust, upon your death the person(s) you choose can take immediate action to distribute your assets to your heirs. On the other hand, if you do not wish your heirs to receive their inheritance until a certain age, that can also be controlled by the trust.
4. A Living Trust allows a single parent to pro-vide continuing care for minor children.
If a single persons has minor children to care for and dies with or without a Will, their assets will be tied up in probate and there will be no funds available for the care of their children without special application to the court.
With a Living Trust, you can select the person you wish to have physical control over your children as well as the guardian of your child's estate. Your assets will be immediately available for this purpose.
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