The wealth you accumulate during your lifetime touches on virtually every aspect of your personal, family and business life. And because your individual circumstances are unique to you, Life Planning, Inc. (“LPI”) helps to lead you through a unique, holistic, consultative approach that results in a clear understanding of your options and a straight path to achieve the outcomes you desire.
For families, our comprehensive Estate Planning solution includes Last Wills and Testament, a comprehensive Living Trust and Powers of Attorney for financial and healthcare matters. Together, these documents are designed to work together in dove-tail fashion to help keep your estate out of Probate and protect your assets for future generations.
Without proper planning, your family and your assets are vulnerable to the costs and delays of Probate, not to mention the potential for conflict between family members. If any of your family members have ‘special needs’ of some kind, it’s particularly important to spell out your wishes in a way that won’t disqualify them from receiving all the government benefits they are entitled to.
Your Estate Portfolio
- Revocable Living Trust – Avoids Probate; says who gets what, how and when; protects assets for future generations; avoids contests; provides for special needs
- Certificate of Trust – Proves trust’s existence for banks, brokerage, insurance companies
- Powers of Attorney (Assets and Health) – Names and empowers the people we trust to make financial and healthcare decisions for us if we become incapacitated
- Living Will – Declares our wishes re. Life Support in the event of terminal illness, persistent vegetative state or coma – allows Agent to ‘pull the plug’
- Pour-Over Will – Serves as a safety net for assets that have been left out of the Trust; allows Executor to ‘pour over’ into the Trust any forgotten assets
- Administrative Documents – Transitional Documents that may be needed in the future
- Funding Letters – Letters to banks, brokerage, insurance companies requesting the transfer of ownership or beneficiary designation to the Trust
- Warranty Deeds, Corporate and LLC Amendments – Transfers Real Estate into Trust; Transfers LLC and Corporate ownership interests into Trust
We provide you with the legal information that you will need to make fully-informed decisions about your own, unique, personal Estate Plan.
Wills, Trusts, Powers of Attorney
At the heart of every Life Planning mission is the desire to lessen the burden and increase the benefits for your successors and beneficiaries. This is a deeply personal process that invites serious contemplation of important decisions around managing your personal, business and health-related issues in the event you cannot make decisions for yourself.
LPI streamlines and demystifies the entire Life Planning process, enabling you to organize your affairs and create legal document solutions that accurately reflect your desired outcomes and brings peace of mind that lasts a lifetime – and beyond.
Call LPI today and we’ll connect you with one of our highly-trained Life Planning Advocates (“LPAs”) who will answer all your questions during a no-cost, no-obligation consultation. When you’re ready to get started, your LPA will educate and support you every step of the way in a process that’s designed uniquely around YOU and your specific needs, goals, and circumstances – quickly, easily and cost-effectively.
Avoid Probate, Exercise Control
There are several ways to avoid probate, including joint ownership with rights of survivorship and transfer-on-death (TOD) beneficiary designations. However, in order to exercise full control, avoid unintended consequences and protect your assets for future generations, a complement of well-drafted legal documents can serve to make your end-of-life transition as simple and painless as possible for your loved ones. LPI creates the Wills, Trusts and Powers of Attorney you’ll need in order to achieve maximum control, protection and peace-of-mind around your Life Planning goals.
Protect Assets for Future Generations
A key measure of Life Planning success is the degree to which your assets are protected from your beneficiaries’ creditors, judgments, lawsuits, and divorces. Most trusts are designed to distribute assets upon your death from the Trust directly into the names of your beneficiaries, making it easier for predators to strip your children of their inheritance. By contrast, a well-drafted Living Trust can provide creditor protection for your beneficiaries across multiple generations. With so much at stake, it’s important for you to educate yourself about the benefits and protections of sound Life Planning for all of your personal and business assets. LPI will help you to easily navigate the ‘ins and outs’ and make sense of Wills, Trusts, Powers of Attorney, Advance Medical and Mental Health Directives, Special Needs Planning and Life Estate in Real Estate, among many other topics.
Trust Implementation Services
As a homeowner, your ownership interest in the property is evidenced by a Deed of some kind, like a Grant Deed, Quit Claim Deed, Warranty Deed or Special Warranty Deed.
In addition, great care is required in selecting the way you own the property with another person: Joint Tenancy or Community Property with or without Rights of Survivorship, Tenants in Common or Tenants in the Entirety. The different types of deeds and co-ownership details reflect your legal rights to the property and can have starkly different outcomes, many of them unintended, costly, even heart-breaking. LPI can help you navigate the complexities around transferring ownership and taking title to real property, avoiding unintended consequences that can prove costly and harmful to your heirs.
Title Companies routinely refer their clients to LPI who need help with deed preparation outside of escrow and other Life Planning needs. Let us help you with real estate transfers between spouses, family members, Trusts and LLCs.