Ms. Strahle drafts trusts for families that do not want their heirs to go through probate when they have passed away. Probate is a long, public, and very expensive process in court where the assets of a deceased person are transferred. Getting a Revocable Living Trust can help you avoid probate because a trust goes through a process called trust administration, which is much cheaper than probate and provides privacy and flexibility.
A Revocable Living Trust designates a person who is called the trustee to hold legal title of the property in the trust for the beneficiaries. Typically the person who created the living trust will act as trustee. A successor trustee is nominated to take over when the original trustee passes away or loses capacity. This successor trustee is usually a child, friend, or professional fiduciary.
A trust needs to be funded once it is created. Funding a trust means to change the title of the trust property from the name of the person to the name of the trust. Ms. Strahle includes trust funding as a part of the trust package that she offers.
A trust is also a great way to plan for your minor children in the event of unexpected loss. You can nominate guardians and set aside trust funds for your children in case you are no longer there to provide for them. Give the gift of consistency and financial stability to your children.
Many pets are considered to be a member of the family. For an additional fee, Ms. Strahle can draft a trust to ensure your four-legged family member's protection in the event of your passing or incapacity.
The Strahle Legacy Planning Trust Package includes:
- Revocable Living Trust
- Pour-Over Will
- Power of Attorney
- Advanced Health Care Directive
- Trust Funding (excluding filing fees which are your responsibility)
- Maintenance Program: A once a year call or consultation concerning the continuing validity of your trust