Your Left Legacy’s writing services includes the following:
Wills and trusts
Writing a will
End of life planning
Setting up a living trust
And, each of these will be discussed in detail below.
Wills and Trusts.
Wills and Trusts can often be confusing even to the educated. Both, as law jargon, share overlapping similarities but at the same time, are quite different from each other. Wills and trusts are both estate planning tools that can help ensure your assets are protected and bequeathed to your heirs, besides your spouse.
However, one significant difference between the two is in how and when they take effect. Wills don’t go into effect until you pass away, whereas a Trust is effective immediately upon signing and funding it.
Succinctly put, a will is a legal document that spells out how you want your affairs handled and assets distributed after you die.
A trust, which is a bit more complicated, is a fiduciary relationship in which a trustor gives a trustee the right to hold title to property or assets for the benefit of a third party.
Trusts offer greater control over when and how your assets are distributed but they are more expensive, tedious to set up, and actively manage. However, it is pertinent to note that It is possible to have both a will and a trust.
Whether you choose a will or a trust, you should seek professional advisors’ advice (tax, investment, and legal). Your Left Legacy, LLC is perfectly equipped for such services with its simple, straightforward, affordable online Will and Trust packages that cover 99% of people’s needs.
Making a will
Making a will entails a lot of details including an idea of what your estate will be worth by drawing up a list of your assets and debts.
Assets that typically make up an estate include your home, and other properties you own, bank savings, national savings, insurance, pension funds, investments, and others.
Debts may include a mortgage, a credit card balance, a bank overdraft, loans, equity release, and others.
The next step involves deciding on how you want to divide your estate, clearly mapping out who gets what. When this is done, it’s imperative to choose your executors (companies who distribute your estate when you pass on).
The next step is writing the will. It is important to contact a lawyer who specializes in wills and probate and more so, one licensed with the relevant professional body, such as the Solicitors Regulation Authority or Law Society.
End of life planning
End-of-life planning is essential but notoriously uncomfortable to prepare.
End-of-life planning typically includes details like end-of-life care preferences and extensive medical interventions and measures that should be taken. End-of-life planning ensures your wishes are clear, subsequently taking the burden of decision-making off your family and loved ones. Regardless of how daunting the task may be, end-of-life planning has been described as one of the last gifts you leave your loved ones.
A complete, comprehensive Estate Plan (like the one you can quickly and easily create with Your Left Legacy, LLC that includes your end-of-life wishes can protect your family and safeguard your legacy.
Set up Living trusts
A living trust, specifically a revocable living trust, is a legal document that places your assets—investments, bank accounts, real estate, vehicles, and valuable personal property—in trust for your benefit during your lifetime, and spells out where you’d like these things to go upon your death.
Avoiding probate is the main significant advantage of establishing a living trust, but there are other benefits like privacy protection and flexibility which make it a smart choice. However, a downside to creating a living trust is the expense of planning that comes with it. establishing a trust requires serious legal help, which is not cheap. A typical living trust in Florida is between $2,000 and $3,000 depending on the attorney’s experience.
Granted, not everyone can afford these hefty sums to set up a living trust, nor have the knowledge to write a will or an end-of-life planning. Hence, Your Left Legacy, LLC holds a virtual event where these legal documentations are simplified and processed for clients. The event also includes live Q&A sessions while specialists are available to process clients’ wills and trusts, all between 60 to 90 minutes. Clients are set to receive their documents by email and by mail within 48 hours of the event.
With a company motto that reads: The BEST PREPARATION for tomorrow is doing your BEST TODAY”, Your Left Legacy, LLC is perfectly set up to help its clients leave a Legacy for generations to come.