|One Document Won't Do It All
That's right. To adequately protect your assets and see to it that they are distributed with the lowest tax burden and greatest flexibility several documents may be necessary.
Even though a Revocable Living Trust has some significant advantages, it should only be drafted as part of a complete set of other legal instruments, including, but not necessarily limited to, a Pour Over Will, Power of Attorney, and Healthcare Directive.
CAN A LIVING TRUST BE ADMINISTERED WITHOUT AN ATTORNEY?
A Living Trust, standing by itself, will not accomplish this! When we create a Revocable Living Trust, we also provide many other important companion documents.
These additional documents contain instructions which will help you or your loved ones administer the estate. In other words a family can follow specific procedures without an attorney's help but may still need some minimal assistance if there are particularly complex trust instructions.
After we have drafted the documents we will send annual reminders should there be specific matters that should be reconsidered in your documents. When the time comes and you or your loved ones must begin the administration process, our office will provide any additional guidance or support requested for reasonable fees.