FC360 Legal & Business Solutions
Legal and Business Solutions
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Estate Planning and Administration

Plan for the future today.

 

Flexible and Personalized

At FC360 Legal and Business Solutions, we strive to prepare you and your family for every outcome. That's why we work with our clients through each stage of their estate planning process. Our goal is to protect your loved ones from uncertainty when you pass away and to ensure your assets are handled according to your wishes. Estate planning is so much more than drafting a will. It is the start-to-finish development of the most important plan you will ever put in place.

Put Your Mind at Ease

Having an estate plan in place, although necessary, is only just the beginning. There are many steps that must be taken to ensure that your plan comes to fruition after you're gone. Here at FC360 Legal, we will guide your family members and loved ones through the process of your estate and trust administration after you have passed. Following the proper steps when administering a trust is key to a successful estate plan. Contact us today for more information.  

Why have an Estate Plan?

There are many benefits to having an Estate Plan. It allows you to control your property while you are alive and well and it also can provide for you and your loved ones if you become incapacitated or disabled. Additionally, when a person dies, his or her property must be transferred to his or her heirs. If there is no plan in place, a court will often decide what will happen to the deceased’s property. This process is called Probate. During this court process, a judge will have the absolute discretion to decide where the property will go. Having an Estate Plan eliminates the need for Probate and allows you to decide exactly what happens to your property when you die, minimizing the impact of professional fees, court costs, and taxes.

A Revocable Living Trust Based Plan

Having a revocable living trust is one of many ways to protect your loved ones from the costly and time-consuming probate process.  A revocable living trust provides many benefits:

After creating a revocable living trust, you remain in control of everything.

  • You are the trustee;

  • You can amend or revoke the trust at any time;

  • You can decide how to invest any property within the trust;

  •  You can withdraw any property in the trust at any time;

  • You do not need to get a separate Tax ID number for the IRS; and

  • You will not need to file a separate tax return. 

A revocable living trust can also help you provide for loved ones and minimize their costs by reducing professional fees and court costs related to administering your estate, and help save on estate and generational skipping transfer taxes. It is also a crucial step for planning for disability and reducing the likelihood that you will ever need a conservatorship.