Eastside Estate Planning

Secure Your Future with Revocable Living Trust

A trust is an entity that holds property (real estate, cash, stocks, etc.), but the ultimate owner (“beneficiary”) of the property is not the person who controls and manages the property. That person is the Trustee. So if you set up a trust for your children, the property you put into the trust is owned by your children, but your children do not have control over the property and cannot manage it. The Trustee you appoint will manage and control the property based on the guidance you give in the trust document.

What is Revocable Living Trust

A Revocable Living Trust is used as an alternative to a Will. In a Revocable Living Trust, you create a trust for yourself to hold your property and assets. You typically appoint yourself as Trustee, and you can take property and assets in and out of the trust whenever you want. The primary purpose of a Revocable Living Trust is to avoid Probate, the court process for paying the debts and distributing the property and assets of a deceased person. However, there are other benefits to a revocable living trust, such as privacy and characterizing community and separate property between married couples.

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This package includes

The Revocable Living Trust package includes all documents necessary for the trust, as well as a pour-over will (a backup will), financial and medical powers of attorney, and a health-care directive.

Financial Power of Attorney

Health Care Directive

Health Care Power of Attorney

How We Work

Adapting to your every need through patience and uncommon communication
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Consultation

We offer a complimentary consultation to find you the most appropriate services and see if we are a good fit.

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Design

We send you an Estate Planning Questionnaire and design a plan while communicating with you every step of the way.

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Take Action

We create all the agreed upon documents and complete the process.

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Redmond Office

8201 164th Ave NE Ste 200
Redmond, WA 98052

We Treat Clients like Family

Since 2014 Robert’s approach as a client-centered attorney has earned him hundreds of 5 star reviews and thousands of happy clients.

FAQs

You should consider a revocable trust for several reasons. The most important reason to have a trust is to avoid probate.

A revocable trust can help you avoid probate, protect your privacy, reduce the risk of estate litigation after you pass away, and determine the character of property owed during marriage.

Even if you have a revocable living trust, you still want a backup or pour-over will in case you need to go to probate. In that case, the backup will can leave everything to your trust.

A revocable trust will not protect your assets from creditors while you are alive, but it may provide asset protection after you pass away.

Like a will, a revocable trust can help you save on estate and capital gains taxes if done properly.

The benefit of a revocable trust is mostly to avoid probate, and avoiding the time and cost of probate can be useful regardless of financial status.