The Life Estate Alternative PlaN (L.E.A.P.)

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You can easily secure your estate and protect your family’s inheritance from probate court, disputes, lawsuits, creditors, and collection attorneys in as little as 72 hours.

The L.E.A.P. consists of three family trusts:

1. A Family Living Trust - Takes care of your family & avoids probate expenses; has a non-contestability clause, medical provisions, guardianship, pour-over provisions, durable powers of attorney and immediate funds transfer.

2. A Family Life Insurance Trust - Eliminates paying estate tax on life insurance and pays the funds directly to beneficiaries allowing for a direct by-pass of your declarable estate.

3. A Family Residence Trust - Creates financial privacy and removes your home out of your personal name to reduce frivolous lawsuits or asset searches.

 

 

Who should have a L.E.A.P.?

If you have titled assets and want your loved ones (spouse, children, parents, etc.) to avoid court costs and state interference upon your death or incapacity, consider a Life Estate Alternative Plan (L.E.A.P.). You may also want to encourage other family members to secure their family inheritance from the state courts.

What is probate?
Probate is the automatic legal process whereby a Court Judge administers your will, according to the law, and adjudicates the interests of your heirs and other parties who may have claims against your estate. By law, it is necessary to "probate your estate", whether or not you  have a valid will. Any party may challenge the probate in court and if the claim is rejected, the claimant may file a lawsuit to prove the claim.

Is avoiding probate legal?
Yes! Not only is avoiding probate legal but with a L.E.A.P. you leave no misinterpretation or contestability of how your estate is distributed.

Manage your estate and taxes like the wealthy
The rich and famous have always had access to the best lawyers and accountants to guide them and protect them. But today, there are millions of people who desperately need the latest strategies to protect what they have worked their entire lives to acquire.

Benefits of a Living Trust Vs. a Will

WILL	LIVING TRUST
• On public record • Always probated • Creates attorney & court costs • Is often contested • A Court controls undistributed assets • Is a one-time distribution • Distributions are delayed • Court controls will at your incapacity • Takes care of only your heirs	• No public record • Avoids probate court and costs • Avoids attorney & court costs • Has non-contestability clause • The trust controls undistributed assets • Distributions can be immediate • Allows ongoing distributions of assets • Prevents loss of your control • Takes care of you, your spouse, and your heirs...immediately

 

 

A Living Trust Is A Necessary Component

• Offers maximum privacy • Avoids probate • Is rarely challenged • Can reduce or eliminate estate taxes • Controls undistributed assets • Retains assets as long as you want

• Preserves inheritances for children • Protects dependents with special needs • Distributes assets to heirs quickly • Prevents loss of control • Takes care of you while you're alive • Provides direction during medical crisis

Age, marital status and wealth don't really matter. If you have titled assets and want your loved ones to avoid court interference at your death or incapacity, you need a Living Trust. You should also encourage other family members to have one done so you will not have to deal with courts at their incapacities or deaths. A Family Living Trust can be formed in as little as seventy-two hours.

As a client, control your assets without owning them and learn how to make your property invisible to Asset Searches. Discover how to use business entities with limited liability and charging order protection to deter frivolous lawsuits and encourage early settlement of serious claims within your insurance policy limits (the ultimate goal of maximum asset protection).

 All modern trusts consist of four parties:

1. The grantor, trustor, or settlor – this is the provider / founder who puts assets in the trust.

2. The trustee – an individual or firm to whom the provider entrusts as manager of the trusts assets. Trustees must abide by the specifications in the trust document, which is drafted by the settlor. Specifications in the trust agreement typically include how the assets should be invested and to whom and when the trustee should distribute assets out from the trust.

3. The beneficiaries – persons receiving or going to be receiving assets from the trustee in accordance with the specifications in the trust documents. Beneficiaries often are the spouse and children of the settlor, charities, a college, and/or quite often, the settlor himself.

4. The appointer – a person who has power to remove a trustee and appoint new one.

Use a family living trust to avoid probate court

Probate is the automatic legal process whereby a Court Judge administers your will, according to the law, and adjudicates the interests of your heirs and other parties who may have claims against your estate. By law, it is necessary to "probate your estate", whether or not you  have a valid will. Any party may challenge the probate in court and if the claim is rejected, the claimant may file a lawsuit to prove the claim.

Once the Court gets involved it stays involved. The Court Judge, not your family, controls how your assets are to be used. Probate is expensive and publicly embarrassing for your family. Probate can last over a year before all the property is distributed, and incur substantial court and attorney costs for your family.

One of the many ways to avoid probate is to execute a Living Trust.

Property held in a Living Trust avoids probate. Your personal representative provides documentation to the court, and your estate is prevented from ever entering probate.

As creator of a trust, you transfer ownership of your real property from yourself to a trust- which you control and can revise at any time.
Upon death, the persons you named as beneficiaries in the trust acquire full ownership of the property of the trust. A Living Trust helps your estate avoid estate tax. And unlike probate (which is a fully public process), a Living Trust shields your private affairs and that of your heirs from public scrutiny.

A Family Living Trust is a legal document drafted in conjunction with a Pour Over Will, a Living Will, Letter of Wishes, Durable Power of Attorney and Non-Contestability. Together they will enable you to avoid probate and allow you, not the courts, to control your assets while you are living. If you become disabled or incapacitated, the Trust will appoint the person you have named to act as your guardian using the durable power of attorney you have authorized.

Ask yourself...What is Peace of Mind really worth to you?

The words “Financial Crisis” are heard all too often in today’s world. We are bombarded by reports of corrupt executives, downgraded earnings reports and lost nest eggs. We all know people, good people, who have lost jobs, pensions and livelihoods due to the chaotic economic situation in this country today. It is definitely a dangerous and complicated landscape for all of us to live in, care for our families and plan for our futures. Ask yourself...What is peace of mind really worth to you?