“Peace of Mind” Tax & Asset Protection Living Trust Plan
The Planning Process
Your “Peace of Mind” Living Trust Plan will be completed in four simple steps.
Step One – Call or e-mail our office to schedule your free, no-obligation, initial consultation. There are three main goals to this meeting:
- You tell us what your goals are
- You get your questions answered
- We ask questions to gather information and understand your goal
Step Two – Gather information. Shortly after your initial consultation you will receive a detailed list of the information we need to finalize your estate plan. You will be provided with a due date for when this information needs to be returned to our office.
Step Three – Review and execute your plan. At this Signing Ceremony you will meet with an attorney who will review your Plan with you to make sure you fully understand the terms of the plan and that it is consistent with your intended goals. Your Estate Planning documents will then be signed, notarized and witnessed.
Step Four – Funding your Trust. We will assist you in the process of transferring your assets to the trust and notify and educate your other advisors on how the plan works.
About three weeks after your Signing Ceremony you will receive your original “Peace of Mind” Living Trust plan in the mail, after all necessary documents have been filed, recorded, or copied.
What documents are included in the plan
Your “Peace of Mind” Living Trust Plan includes the following standard documents:
- “Peace of Mind” Trust Agreement with Estate Tax Planning Provisions
- Specialty Trust Provisions such as Special Needs Trusts, Children’s Asset
- Protection Trusts, Education Trusts, Spousal Distribution Restriction
- Provisions, etc., are included without any additional fee or cost.
- Pour–over Will
– including nomination of guardians, if needed
- Distribution of Personal Property List
- Certification of Trust
- Statement of Registration
- Up to 4 Real Property Deeds
- Assignment of Personal Property to Trust
- Agreement To Pass Property To Trust
- Idaho Statutory Durable Power of Attorney
- Idaho Statutory Health Care Directive
- – Living Will
- – Durable Power of Attorney for Health Care
- – Idaho Organ Donation Form
- General Instructions and Funding Instructions
- Instructions to Successor Trustee
How much does the plan cost
Due to the unique and complex issues in advance estate planning, fees are quoted on a case by case basis for this type of plan. Typical fees range from $2,500.00 to $4,500.00.
In addition to the above-stated legal fees you will be charged for any out-of-pocket costs incurred in prepare your plan, including recording fees, postage, and copy charges. Out-of-pocket costs average $85.00 – $150.00.