Trusts

Mountain Image

Revocable Living Trust

A revocable living trust is the core of a comprehensive estate plan. A complete estate plan includes the following:

  • A Will, or Trust with a Pour-over Will, directing what happens to your worldly goods after you die and possibly creating ongoing trusts for your beneficiaries.
  • A Durable Power of Attorney to allow your agent to care for your finances during any period of incapacity;
  • A HIPAA Release to allow your loved ones to get information about your physical and medical condition during any period of incapacity;
  • An Advance Health Care Directive naming a medical decision-maker for you and outlining your preferences regarding end-of-life care;
  • An Advance Directive Addendum/Health Care Power of Attorney expanding the authority of your medical decision-maker to include, hospice or long-term care and disposition of remains; and
  • Potential Additions – Guardianship for minor children, Organ Donor Forms, Memorial Instructions, Tax Planning to reduce or eliminate Oregon estate tax, and Charitable Giving.
  • Secure online storage of your documents, and 24/7 access to your health care documents. Click here for a short video about the benefits of storing your documents online with Docubank.

We can help you avoid ALL probate costs and minimize or eliminate estate taxes through trust-based planning.

Your individualized estate plan may also include: business planning; supplemental/special needs trusts, pet trusts, stand-alone retirement trusts, gun trusts, irrevocable life insurance trust, asset protection trusts, charitable remainder trusts.

Download Handout – Estate Planning

Mountain Image

Trusts for Heirs

Trusts for heirs, also known as ongoing trusts for  beneficiaries, are typically created within your Revocable Living Trust. When it is time for your estate to be distributed to your loved ones then their inheritance is put into an ongoing trust for their benefit. This provides numerous advantages for your loved ones such as protection from divorce, creditors, and provides a framework for how the inheritance is used. You can chose to specify that the money is only to be used for education, and if a degree is obtained then they can use the money for another purpose. You can say that each year your loved one gets $1,000 to take a weekend trip to the beach with their family. You can also just leave it to their discretion.

Mountain Image

Stand-Alone Retirement Trust

Naming the right beneficiary on your IRA is critical. Many people want to continue the tax-deferred growth for as long as possible, paying the least amount in income taxes. This is called “stretching out” the account.

Naming a Stand-Alone Retirement trust as beneficiary will give you more control over, and protection for, these tax-deferred accounts.

Mountain Image

Pet Trusts

This revocable trust provides for your animals. You can name a guardian for them, and provide that guardian with instructions and money to take care of your pets. Typically it is part of a larger estate plan that includes a Revocable Living Trust, Power of Attorney, and Health Care documents for yourself.

Mountain Image

Asset Protection Trusts

Mountain Image

Our Fees

We find that clients appreciate the freedom a flat fee structure gives us to communicate as much as needed to get the work done properly without worrying about traditional hourly billing. It also allows us to customize without incurring additional costs. A Will-based plan is $800-$1,500 for an individual and $1,000-$2,000 for a married couple. A Trust-based plan is $1,800-$3,500 for an individual and $3,000-$7,00 for a married couple. If your plan includes asset protection, tax planning, specialized life insurance trusts or IRA trusts, your fees will be adjusted accordingly. You can read more about fees in our handout.