Let us guide you step-by-step on how to prepare your Revocable Living Trust. My audio explanations guide you through the document templates to show you where you need to edit the forms to make them work for your specific situation. They are not just fill-in-the-blank forms. A simple fill in the blank form is no good to you. These forms will be adapted to your needs. Don’t worry, you can do it. It’s easy when you have the Trust section of my Accumulation and Preservation of Wealth System.
This kit includes a variety of trust templates that you can choose from based on your what will work best for your situation.
(Make sure to listen to the audio so you know which template that will be!) The audio explanations give you little known techniques to let you protect assets, avoid probate, and stop black widows after either you or your spouse dies.
- Revocable Living Trust – A variety of trust templates to choose which works best for your situation. The audio CDs give you little known techniques to let you protect assets and plan to stop black widows after either you or your spouse dies. The Qualified Terminable Interest Property Trust (QTIP Trust) is included for limiting the distribution of assets by the surviving spouse and addressing the black widow issues.
- Children’s Trust – Placing assets into a children’s trust (such as your office equipment, etc.) can protect it from creditors and remove it from your estate. Plus, you can move money to the children and save the taxes on that money in many cases. (Let me let you in on a secret. An attorney will call this trust a 2503 trust – you don’t even need children.)
- Life Insurance Trust – Remove your life insurance from the reach of the IRS with this irrevocable life insurance trust. Yes, your life insurance is taxable, even though your agent may have said it wasn’t. People routinely lose half of their life insurance to the IRS. Save potentially hundreds of thousands in taxes.
The audio explanations go over the following in detail:
- Revocable Living Trusts (also called Family Trusts or Inter Vivos Trusts).
- Why 90% of Revocable Living Trusts out there DON’T avoid probate, even though the lawyers said they would.
- How to create and use my “iron-clad” trust documents that absolutely will avoid probate.
- How to properly FUND YOUR TRUST. Even attorneys give people wrong advice on this one…
- The proper way to name your trust. Do this wrong and you could be setting yourself up for problems.
- How to structure your trust to properly handle a remarriage after your spouse dies. Don’t let the new Black Widow spouse end up with everything (leaving your kids without a dime!).
- Who must you “file” your trust with?
- The phrases you need in your Trust so the Bank will immediately deal with your heirs.
- What powers should you give your Trustees?
- The paragraph your trust needs to prevent your beneficiaries’ shares from being attacked in lawsuits.