As an attorney dedicated to estate planning in Seattle, Washington, I’m committed to helping individuals protect their assets and secure their legacies. I want to provide you with essential information about creating a revocable living trust with DAL Law Firm, including their advantages, the associated costs, and tax considerations.
What is a Revocable Living Trust?
A revocable living trust is a legal document that allows you to place your assets into a trust during your lifetime, which then transfers those assets to your designated beneficiaries upon your passing. Unlike a will, a revocable living trust can help you avoid the probate process, maintain privacy, and provide flexibility in managing your estate during your lifetime.
Advantages of a Revocable Living Trust:
- Avoiding Probate: Assets held in a revocable living trust bypass the probate process, saving time and money for your loved ones and ensuring a smoother distribution of assets.
- Privacy: Unlike wills, which become public record upon probate, a revocable living trust offers greater privacy by keeping your estate affairs confidential.
- Flexibility and Control: You retain the ability to amend or revoke the trust during your lifetime, allowing you to adapt to changes in your circumstances or wishes.
Cost of Establishing a Revocable Living Trust:
At DAL Law Firm, we offer comprehensive estate planning packages that include the creation of a revocable living trust, along with other essential documents. Our pricing structure is as follows:
Will Package Pricing:
- Includes Healthcare and Financial Power of Attorneys, along with Directive.
- Starts at $795 for an individual; $1395 per couple with a Community Property Agreement.
Revocable Living Trust Package:
- Includes revocable Living Trust with Supplements, Pourover Will, Healthcare and Financial Power of Attorneys, Directive, and Quit Claim Deed.
- Starts at $2,500 for an individual; $3,000 for a couple.
Revocable living trusts offer numerous benefits, including probate avoidance, privacy, and flexibility in estate management. If you’re considering establishing an RLT or would like more information about our estate planning services, please don’t hesitate to contact our office at (206) 408-8158. You can also learn more about our estate planning services by visiting our YouTube channel: https://www.youtube.com/@dallawfirm. We’re here to help you protect your assets and provide for your loved ones according to your wishes.
