The main reason to create a revocable living trust is to pass your assets easily to your loved ones including your spouse and your beneficiaries. A properly drafted and properly funded living trust will help you avoid probate.
The average probate cost is about 8% of your estate. So if your home is worth $1,000,000 at the time of your death, your loved ones will pay about $80,000 in court costs.
There are no real tax benefits for you while you are alive by creating a revocable living trust.
Joint Tenancy may not be a very good alternative as the second Joint Tenant who dies will not be allowed to pass on the stepped up basis for Inheritance Tax.
A Living trust does not need to be drafted by a lawyer.
You do not have to pay thousands of dollars for a living trust.
Together with law professors and other pros, I have collaborated with not to give legal advice but prepare a proper revocable living trust, pour over will durable power of attorney for health care and finances and make sure your trust is properly funded, all for less.
Contact Connie Dello Buono 408-854-1883 motherhealth@gmail.com Marketing Service for Law Professors for Revocable Living Trusts in 50 US states.
Published by connie dello buono
Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts.
Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone.
She is active in the rehab and nursing facilities, volunteering on music and movement for seniors.
She is a member of Lion's club and offered scholarships to students in the Philippines.
She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us
She loves dancing and teaching and her courses can be found at
https://teachclub.com/@thriveafter60
She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life.
at menloassetca.com , she helps with 401k rollover.
3 Benefit plans
- Mortgage protection using term life insurance to pay for mortgage balance in event of death
- Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues
- Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation.
She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women.
She can be reached at 408-854-1883 , motherhealth@gmail.com
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