There was a time in the "Good Old Days" when a hardworking person was rewarded, respected, and could pass his wealth to his family without much trouble.

Times are changing and we are witnessing a new era of economic misery. This misery index is called "The Cost of Dying", and it measures the aggregate cost of final sickness and death in financial terms.

Probate is not the only hardship your estate will suffer. Today you must add other substantial cost considerations to your estate planning.

They deserve your careful consideration if you are to avoid the difficulties and financial pitfalls that can destroy all you've worked hard to accumulate and to pass to your children.

Your financial future depends on your being prepared.

But Don't worry there is a solution which is called - The Living Trust

The law favors using a Living Trust, since it not only avoids Probate, but could also reduce the Inheritance Tax. At death, all trust assets "Step-up in Basis", to equal the current market value of the asset. Therefore, at death the heirs are not forced to deal with financial losses while they are having to deal with the emotional loss.

Legaldo can help families protect both their assets and their families from the losses of Probate and Joint Ownership. When a Living Trust is implemented and properly funded, you have beaten the Probate system to the punch by effectively transferring your estate, during your lifetime, to your Trust. If you delay in preparing a plan like a Living Trust, the Probate Court will assume the responsibility of transferring title to your assets. It is hard to imagine that engaging courts, attorneys, appraisers, and executors for a 1 to 3 year-long process will be less expensive than a Living Trust. Yet people for some reason still believe that Wills are less expensive!

While the initial cost of preparing a Will is generally less than a Trust, dying with a Will is almost always far more expensive than dying with a properly funded Living Trust. Try asking an attorney to guarantee, in writing, that the cost of Probate will only be $1,500.00 with a Will. He will refuse. The reason he won't do it is simple... he can't! A Living Trust is truly a financial decision that can save you thousands!

Currently, Federal Estate Taxes start at 37% and go as high as 55%. When you calculate the size of your estate for Federal Estate Taxes, you must include all life insurance death proceeds, as well. Probate does not take life insurance into account unless the beneficiary of the policy is the person's estate.

A Living Trust does NOT require any new tax forms or added tax filings. You will file and pay taxes in exactly the same manner as you did before you had a Trust.

When choosing a doctor, mechanic, or carpenter, what is the most important qualification you look for? His or her experience and expertise in similar jobs, right? It should be no different in choosing who will assist you in the creation of your Living Trust and through the funding process (transferring your assets into the Trust).

Legaldo brings you an unmatched history of client service. Ongoing support is another issue that is a concern to those who establish their Living Trust. The knowledge that Legaldo is well-established nationally and prepared to assist in future changes, updates, and questions has been a great comfort to those who have sought Estate Planning help through our company.