REVOCABLE LIVING TRUST based estate plan provides instructions that will allow you to:
• Control your property while you are alive
• Take care of you and your loved ones in the event of disability
• Pass your property to your heirs when and how you want while maintaining privacy
• Ensure that you and your spouse have sufficient assets to maintain your standard of living now and in retirement.
• Maintain maximum control and flexibility during your lifetime.
• Provide for you in the event you become disabled.
• Simplify administration as much as possible upon your death or disability (avoiding probate & guardianship).
• Avoid having your private matters being made public unnecessarily.
• Ensure that the efforts you desire are used to save your life.
• Have your property continue to benefit the survivor after one of you dies.
• If married, protect your assets so that they cannot be lost as a result of remarriage after the death of one of you.
• Ensure that the persons you select in fact become the guardians of your minor children.
• Protect your children’s or grandchildren’s inheritance from mismanagement.
• Structure your children’s or grandchildren’s inheritance in such a way that it installs values and virtues.
• Educate your children and grandchildren.
• Reduce the risk of litigation from heirs who receive less than they think they are entitled to.
• Minimize income taxes to the extent possible.
• Avoid or minimize capital gain tax on the sale of assets.
• Eliminate as much estate tax as possible.
