Complete Estate Planning Kit
A Last Will & Testament, a Revocable Living Trust Agreement, and a Living
Will are three of the most important documents most adult Americans should
have and understand.
This kit includes all the fill-in-the-blank forms to prepare these documents along with complete, easy to understand instructions. When finished, you'll have peace of mind knowing you've
protected your family completely.
What Does This Kit Contain?
This Kit contains all the fill-in-the blank documents, along with complete instructions to prepare the following legal matters:
Revocable Living Trust Agreement
You place your assets
into the Living Trust Agreement while you're still alive. When you pass away,
your assets automatically transfer to your heirs without going through the time
consuming and expensive probate court system. You can add to the living
trust or revoke it entirely at any time if you wish.
Last Will and Testament
Legal experts agree - a will should be
prepared in addition to the Living Trust Agreement. The reason is simple - if
you add to your assets (for example, if you open a new mutual fund) and you
neglect to add it to your Living Trust, it will "pour over" into the will. It will not
be protected from the probate court, but it will still be covered. A will also
sets up guardianship for minor children. Without a will, the probate court
decides what will happen with the new mutual fund mentioned and also the
guardianship of minor children.
Living Will
Decisions can be made now regarding your medical and
financial situation should you become incapacitated later. Includes Living Will
forms and Durable Power of Attorney forms for both health care and financial
care. Prevents being kept alive for months - even years - artificially against
your wishes. By limiting treatment, a living will sets limits on hospital bills
which can wipe out your assets so that there is little left in your estate for your
heirs.
Do I Need All Three of These Documents?
All three work together to satisfy your various legal needs. The Living Trust
Agreement allows your assets to transfer directly to your heirs without the
time and expense of probate court. The Last Will & Testament covers
property not in the Living Trust - without a will the court decides the outcome
of those assets. You can also designate who will be the guardian of any minor
children with the will. The Living Will allows you to "die with dignity" and
protects your estate from being depleted by hospital costs. Also included as
an added BONUS in this kit is a booklet entitled ESTATE PLANNER -
Things My Family Should Know. You can list all your financial and insurance
information in one easy-to-use book. It's a $7.95 retail value - FREE with this
kit!
System Requirements.
A computer is not necessary to use this kit. However, if you will
be using the OPTIONAL 3.5" software disk in this kit, your computer must be an IBM PC or
compatible, MS-DOS or any version of Windows, and any word processing program (such as
Microsoft Works, Word Perfect, or other brands.) |
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