Create a Living
Trust For Everything
The ultimate solution for safeguarding your assets and looking out for your loved ones. By making a Trust-Based Estate Plan, your assets will be seamlessly passed on to your beneficiaries, all while avoiding the hassle of probate court.
Documents
Documents
Our Trust-Based Estate Plan provides the complete solution to avoid probate court and pass down your assets. The plan includes state-specific documents that make the estate planning process easier, allowing you to designate guardians for your children, record your assets, and communicate any wishes you may have in the event of a medical emergency. You and your loved ones can rest assured knowing that your legacy is protected.
What You’ll Get:
- Revocable Living Trust
- Schedule of Assets
- Last Will & Testament
- Funding Instructions
- Advance Healthcare Directive
- Power of Attorney
- Certification of Trust
Why have a Trust?
Save time, money, and stress for your loved ones by giving clear instructions to streamline the probate process.
Ease the stress from your loved ones, and help avoid arguments over what medical treatment you should get.
Probate can be a long, stressful, and expensive process for your heirs. Create a lifetime of peace of mind for you and your heirs in just a few minutes with FastWill.
Decide who gets what, and who does not. Assign loved ones things like property and investments. You can also use a will to help ensure that some people don't receive anything.
Choose a guardian for your children that will be responsible for all your children’s daily needs. If you don't nominate a guardian in your Will, a court will have to choose one for you.
With a Will, you can ensure that someone will take care of your pets after you pass away. The law considers pets to be property, so you can't leave any assets to your pet with your Will.
Personalized Documents, Structured By Attorneys
Revocable Living Trust
A legal document that is the foundation of your estate plan, providing a trusted individual with the power to oversee, manage, and allocate your assets throughout life and after your passing.
Schedule of Assets
A fully compiled list of assets, which are subject to the terms included in the trust. This list can be changed in the future to include or exclude trust assets.
Last Will & Testament
Your final wishes for your dependents and arrangements, with specific references to the details outlined in your trust.
Certification of Trust
A document that is given to third parties in lieu of the actual trust. The document summarizes relevant terms from the trust while providing confidentiality toward other personal details.
Advance Healthcare Directive
Specify your preferences for healthcare and medical treatment to be used as guidance if you are ever unable to make decisions.
Power of Attorney
Assign someone (an agent) to manage your personal and business responsibilities if you are away or incapacitated.
Funding Instructions
Specific instructions on how to transfer your real estate, bank accounts, retirement accounts, life insurance, and business interests into your Trust.
What our Attorney Support can help you with?
Receive one hour of unlimited support from a licensed estate planning attorney in your state for $299 by adding Attorney Support at checkout.
Line-by-Line Review:
Examine your choices, inputs, and details, and discuss any questions or potential implications.
Trust Funding Support & Guidance:
Get step-by-step instructions and advice on transferring each type of asset into your Trust.
Legal Estate Planning Advice:
Receive tailored advice and guidance for your unique situation throughout the year.
Currently available in select states. Sign in to check availability and learn more.
Common Questions About Trusts
What is the difference between a Trust and a Will?
A Trust and a Will are both essential components of an estate plan, but they serve different purposes and function in distinct ways.
A Trust takes effect during your lifetime. It allows you to manage and control your assets while you're alive and ensures they are distributed according to your wishes after your death, all while bypassing probate court.
A Will outlines how your assets should be distributed after your passing. They are ideal for straightforward estate plans and addressing specific wishes regarding the inheritance of your assets and guardianship of your children.
How long will it take to complete my Trust?
It takes most people about 20 minutes to complete their Trust with FastWill.
Does my Trust have to be notarized?
Notarization is typically required for Living Trusts. While it’s sometimes possible to create a Trust without notarization, most states mandate that it be notarized to hold real property. Also, many banks and financial institutions will also require notarization of your Trust.
A Trust generally does not need to be signed in the presence of witnesses, except in Florida.
Can I speak to an attorney about my Trust?
It’s not mandatory to meet with an attorney to create a legally valid Trust. However, at FastWill we offer the opportunity for individuals to receive attorney support for a small additional cost.
By adding attorney support to your Trust-Based Estate Plan, you’ll get unlimited access to the expertise of an estate planning attorney. They can provide valuable advice in navigating legal issues, potential tax consequences of your plan, and a review of your documents. Individuals find that this gives them increased peace of mind throughout the overall process.
When should I update my Trust?
It’s recommended to reassess Trusts after life milestones (i.e., marriage, new homeownership or property acquisition, and familial births or deaths). It’s generally advised to review/update your Trust every three to five years, even if you haven’t experienced a life milestone within that time.
How do I fund my Trust?
The funding process is dependent on what type of property is being added to the Trust. Check out our Estate Planning Guide for helpful tips, as well as a breakdown of the crucial steps involved in making sure you optimize the benefits of funding your Trust.
What is the difference between a Revocable and Irrevocable Trust?
A Revocable Trust is one that you can alter or update at any time while you are alive and mentally competent.
In contrast, an Irrevocable Trust cannot be easily modified, changed, or dissolved once it has been signed.
Should my spouse and I have separate Trusts?
The decision to have joint or separate Trusts is situational and dependent on the individual qualities of each couple. It’s important to weigh all the pros and cons when making this decision.
Separate Trusts are a strong option for couples that possess separate property that came from previous marriages, or properties that were passed down through family inheritance.
Alternatively, joint Trusts might be a suitable fit if you seek greater flexibility and ease in managing the estate after death.
