Navigating the future might go in vain, but securing your legacy and the welfare of your loved ones has to be certain and assured. When it comes to protecting your assets, legacy, and protecting your loved ones, nothing is more critical than sound estate planning.
At ACE Rehoboth Consortium, we are here to illuminate the path with our specialized wills and trust services. Our experienced team specializes in creating and managing wills and trusts, ensuring your peace of mind and the welfare of those you cherish.
They are always up to assist you in creating the perfect plan for your unique needs.
The last will and testament is a legal instrument designed to outline the disposition of your assets following your demise, among other specifications. Typically, a will should encompass:
A trust serves as a legal conduit that empowers you to designate a trustee (which could also be you) to oversee assets for the benefit of one or more beneficiaries. Primarily, trusts are categorized into two types: living trusts and testamentary trusts. A distinctive feature of faith is its adaptability.
Contrary to the constraints of disbursing estate assets by the conclusion of the probate process, a trustee has the latitude to administer trust assets over an extended period.
What distinguishes a will from a living trust is that the grantor (the individual forming the trust) must transfer property into the trust, typically through a title change, designate a trustee to handle the assets, and identify at least one beneficiary. You can also be your trustee.
Your living trust becomes operational when you affix your signature to it and generally turns irrevocable upon your demise. Assets held in your trust bypass the probate process. Therefore, your successor trustee can carry on with the administration of the trust assets without any disruptions due to probate proceedings.
At ARC, our legal team provides wills, trusts, and estate planning services to clients throughout the US. Since 2008, we’ve offered counsel to individuals, couples, and families on wills, beliefs, and other vital estate planning instruments.
What is Better, a Will or Trust?
Choosing between a will and trust largely depends on your circumstances and goals. Essentially, a choice outlines your wishes after your death, while a trust goes into effect as soon as it’s created. A trust provides more control over your assets and can help your heirs avoid probate.
However, creating a trust can be more costly and time-consuming. At ACE Rehoboth, we take the time to understand your needs and guide you through the intricacies of both wills and trusts, helping you make an informed decision.
As was previously mentioned, a will is only effective after your death. On the other hand, a Trust is practically operational the moment you sign and fund it.
Wills After Death
Your testament becomes effective upon your passing. The probate procedure must then be launched after notifying the court. The subsequent events to settle your estate and distribute property and assets might take a long time and be expensive.
Another notable aspect is that since your Will only takes effect after you pass away if you become disabled and can’t make decisions for yourself, you have no remedy or plan as stated by your Will.
Trusts Impact Life and Death
Because Trust instantly takes effect when you sign it, it can simplify the process for those around you. However, your Trust significantly differs from a Will in that it makes arrangements while you live and after your passing. What you desire to have happen if you become physically or mentally incapable of making your own decisions might be specified in a trust.
It shields loved ones from having to make awful judgments. Most importantly, trust can ensure that your wishes are known both during your life and after your death, eliminating the stress of being unsure of what you would want.
Preparing for what lies ahead is vital on multiple fronts. However, we fully acknowledge that initiating this process can appear daunting – where does one begin?
While a will is often sufficient for many individuals, there are specific circumstances where setting up a trust can be a smarter decision. Trusts provide greater control over how and when your assets will be distributed, which can be crucial in certain situations.
Significant Assets – Trusts are often beneficial for individuals with substantial assets. A trust can help mitigate estate taxes and provide a streamlined process for transferring assets upon your death without probate.
Young or Special Needs Beneficiaries – If you have minor children or beneficiaries with special needs, a trust can ensure that the assets are managed for their benefit until they can handle the funds themselves.
Privacy Concerns – Unlike a will, which becomes part of the public record once probated, a trust provides privacy as it doesn’t go through probate and thus stays confidential.
Avoiding Probate – A trust can help avoid the hassle and expense of multiple probate proceedings if you own property in various states.
Control over Asset Distribution – With a trust, you can specify certain conditions for beneficiaries to meet before they receive their inheritance. This can be especially useful if you’re concerned about beneficiaries’ ability to manage a large estate responsibly.
At ACE Rehoboth Consortium, we understand that every situation is unique. Our team of experienced wills and trusts attorneys can guide you through the process, helping you determine if a belief is right for you and your family.
Looking for Wills and Trust Attorney Near Me? Come to Us
When you search for a ‘wills and trusts attorney near me,‘ you’re not just looking for someone with legal expertise. You’re seeking someone who understands your concerns, dreams, and fears about the future. You’re looking for someone who can guide you through the labyrinth of estate planning with empathy, clarity, and a personalized touch.
Our seasoned team of attorneys is dedicated to delivering exactly that. We recognize that each person and family possesses distinct requirements and aspirations. We invest time in understanding you and your situation and creating an estate plan that embodies your desires and safeguards the future of your loved ones.
Whether your estate planning needs are as straightforward as drafting a will or as intricate as establishing a complex trust, we are here to assist. We offer a wide range of services related to wills and trusts, from initial consultations to the finalization of documents.
Our aim is to demystify the process, making it as transparent and simple as possible while guiding at every juncture.
How Much Does a Living Trust Cost?
The cost of establishing a living trust varies on several factors. These factors can include the complexity of your assets, the specifics of your estate planning goals, the region you live in, and the rates of the attorney you hire to assist you in setting up the trust.
On average, you might expect to pay anywhere from $1,000 to $3,000 for an essential living trust. This typically includes the creation of the trust document and funding the trust, which involves transferring your assets into the trust.
At ACE Rehoboth Consortium, we believe in transparency and fairness in pricing. We are committed to providing a detailed breakdown of costs associated with setting up a living trust so that you fully understand the services you’re receiving.
Reasons to Consider Us
Our Ready-Made Plans are personally crafted and maintained by the attorneys at Jenkins & Jenkins, Estate Planning Attorneys. Add direct attorney support to your plan anytime!
Upgrade your level of service anytime without losing your investment, including up to a customized full-service plan with Jenkins & Jenkins, Estate Planning Attorneys.
With guidance videos, every step of the way, the ability to stop and come back to your plan anytime, and expert attorney support available, our Ready-Made plans make this as easy as possible.
We offer the following services:
So, when you’re looking for a ‘wills and trusts attorney online,’ remember that at ACE Rehoboth Consortium, we’re more than just attorneys – your trusted partners in securing your legacy and your loved ones’ future. Reach out to us today and take the first step towards peace of mind.
ACE Rehoboth Consortium is a multifaceted company with diverse portfolios specializing in Financial Education and Planning, Training & Leadership Development, Hospitality and Cybersecurity.
The Financial Education and Planning portfolio was launched in 2017 as an independent Financial Services Owner with the World Financial Group (a Transamerica Company); Training, Entrepreneurship and Leadership Development Portfolio in 2020; Hospitality Portfolio in 2020 and Cybersecurity still in the works and yet to be launched.