Estate planning is important for everybody. A comprehensive estate plan is what we all need to ensure that our future generations and loved ones are living a happy and carefree life. If you have an estate plan, it will offer you peace of mind that your family is protected after you. And if you think creating an estate plan is only for rich people, you need to reconsider. If you have a home, vehicle, furniture, jewelry, or anything with monetary value, you have an estate. And to distribute and divide it between the people you love, you need an estate plan.
But creating one is not accessible if you don’t know all the rules and regulations regarding an estate plan. And to create a perfect estate plan, you need an experienced attorney who can help you make a plan that best suits your needs and requirements. Also, hiring an attorney means you won’t have to go to probate court. You can also search for affordable estate planning attorney packages to create your perfect plan.
What Does Our Comprehensive Estate Plan Include?
Often people choose to avoid making an estate plan because hiring an attorney for this can be expensive. But at Estate Planning With Nirva, you can find some of the best estate plans at budget-friendly prices. Our comprehensive estate planning package will only cost you $1,995. Furthermore, our comprehensive estate plan includes everything you need to create a perfect estate plan. For instance, we can help you make the documents mentioned below for your estate plan.
Revocable Living Trust
A revocable living trust is a legal piece of paper that ensures that your family does not have to go through probate court and pay any extra or unnecessary taxes. The document makes it easier for your loved ones to get hold of the assets faster and easier for you to divide. The assets transfer on their own after your death to your loved ones. Your family won’t have to go through long, tiring, and expensive probate proceedings. It also ensures a certain amount of privacy in contrast to will.
The income-only trust is one where you can transfer your assets to a trust instead of your next of kin or family. This transfer to a trust is known as protection. It is a way of protecting assets without having to pay a huge amount of tax on it.
A/B Trust Option
A married couple makes an A/B Trust Option. In this, the couple creates a combined trust. So, in this type, you can create trust with your husband or wife to lower the estate taxes you will have to pay. After which, you can put your assets in the trust and name your final beneficiary, not your spouse.
The spendthrift provision is a special clause that you can add to your will or trust. This specific clause safeguards a beneficiary against the debt of the creditor that may add any pending debt against any of the inherited assets of the beneficiary. Also, it safeguards the beneficiary from obtaining any debt based on future inheritance.
The look-through or an IRA trust is a type of trust wherein you can add a beneficiary to your Individual Retirement Account (IRA) that lets you see through the trust to check whether the trust beneficiary is an actual individual or not. The beneficiary will get the
Optional Sub-Trust For Children
You can add an optional sub-trust for children in your estate plan if you wish. You can add an important asset that is more for sentimental purposes instead of monetary value then you can make children below the age of 18 direct beneficiaries. However, if that is not the case, you can add an adult to look after your kid’s inherited trust until the kids are ready to handle the assets themselves.
Certificate Of Trust
A Certificate of Trust, also known as a Memorandum Of Trust or Trust Certificate, is a legal piece of paper that records a Trust’s existence and includes information about the Trustee’s legal authority to work upon it. The certificate also includes things such as important information and terms of the trust without handing in the complete Trust information and documents.
Last Will & Testament
The last Will & Testament is a legal paper you create to decide the distribution of your property between your loved ones. This document ensures that your family knows about your decisions after you pass away. It includes clearly written instructions of what parts of assets and finances go to who. The main aim of this is to speed up the probate process and help your family further. It is among the most important documents in your estate plan. It also ensures that all your debts are paid and accounts closed. Furthermore, without this document, your family will have to go through a long and costly probate process.
Financial Power Of Attorney
A Financial Power of Attorney is an official paper of authority that appoints an individual to act on your behalf. This individual takes all the important financial decisions of the family after you pass away or are considered incapacitated. The Financial Power of Attorney is also known as Attorney-In-Fact. It is an important position as the individual responsible will have to take care of all the work-related financial decisions on your behalf. So, when you create a financial power of attorney, you must make sure that the individual you appoint is stable and that an attorney can help you make all these decisions.
Healthcare Power Of Attorney
The Healthcare Power of Attorney is the document that lets you appoint somebody else to take care of all your medical decisions. In case you are considered incapacitated to make decisions yourself, the Healthcare Power of Attorney takes the decisions on your behalf. This document comes into play when you are not terminally ill to be declared incapacitated but are still not in the condition to make important healthcare decisions. Healthcare Power of Attorney and Living Will both include your wishes of how you want to be treated in case you are extremely ill.
Living Will only comes to play when you are extremely ill, not able to communicate, or unconscious for a long time. The paper takes care of everything from your resuscitation orders to organ donation wishes. It is not necessary that you will require this document. But it ensures that IF you need somebody to make your life decisions for you, they do it based on how you want it to. Some states may combine Healthcare Power of attorney and Living Will, so this document covers a broader area.
An advanced directive is a legal piece of paper that outlines what you want in case you are ill. Advanced directives can come into play when you are terminally ill or when some serious medical problem occurs. The main benefit of advanced directives is that it is not restricted to the times when you get seriously ill. It also incorporates medical conditions like coma, dementia, and stroke. Several types of directives include a medical power of attorney (MPA), living will, and do not resuscitate (DNR) instructions.
Read Also: What Is Comprehensive Estate Planning, Its Components & Needs
Additional Features Of Our Estate Plan
Other than helping you make the best Estate Plan documents, we offer some additional features in our estate planning attorney packages, such as:
24/7 Account Access
When we create your estate plan, we ensure you can access your account wherever you like. This feature ensures that you can go and read your Estate Plan at any time. Other getting 24/7 access to your account, you also get benefits like:
- Online Funding Kit
- Unlimited Funding Letters
Online Document Vault
With us, you can also create an online document vault. It will store all your important documents so you can keep them in one space without having to worry about them getting lost. The online document vault ensures easy access to all your documents and adds complete privacy control to your document. It is also inexpensive, so you don’t have to pay a huge amount to keep your things safe. Additionally, it also helps you stay organized and updated with all your documents.
Unlimited Updates & Changes
Our comprehensive estate plan allows you to make changes or update your documents whenever and however many times you like. The plan allows you to make changes if you want to change the beneficiaries or asset distribution or even if you need to make some changes due to new rules or laws passed by the government.
You can also make revisions to your estate plan whenever you like. This feature will help you make minor or major changes if you see any inaccuracies in your estate plan. These additional features are beneficial when creating an estate plan. Because situations can change at any time, and you will have to make all the necessary changes in your plan to adjust to those.
1-Year Account Subscription
With all this, you will also get one year of subscription time to do all your work and make any necessary changes throughout.
Why Do We Stand Out?
When you are creating an estate plan, there are several things that you need to keep in mind before making any decision. So, when you select our services, we ensure that you get the best quality work. So, here are the reasons why Estate planning with Nirva is the best choice for you:
We Make Estate Planning Easy For You: Simple
When making an estate plan, one of the most common problems you will face is understanding the legal terms. This problem creates a barrier making it difficult for you to understand the language and do your work. And that is where we come to help you. We can help you create all the important legal documents in an easy-to-understand language.
You can follow the simple pop-up helps actions which will help you understand all the important legal terms to create a perfect and comprehensive estate plan.
You Get Completely Customized Solutions: Flexible
Individuals have different requirements when it comes to their estate plans. Since every individual’s estate size and assets are different, the requirements are also different. When you opt for our services, you can create your customized estate plan with the help of our attorneys. Our package offers you several facilities that make your planning process easier.
One Service Provides Multiple Benefits: Affordable
Do the expensive fees of an estate plan stop you from creating your own estate plan? In the US, creating an estate plan is a bit difficult for a lot of individuals, considering how expensive it is to hire an attorney and create a perfect estate plan. It can cause you to leave your family in a vulnerable position. But not with our plan. You can create an estate plan according to your requirements at an affordable price. We ensure that you get the best attorney-approved estate plan that best suits your needs.
Put Together Your Documents Fast
Creating legal paperwork takes time, but not with us. We can help you create all the legal documents in a few minutes. You can perform this task from the comfort of your home or your office. You don’t even have to wait for an appointment. Moreover, you can have your estate plan prepared in a short amount of time by giving answers to some simple questions. After that, you can download or print your plan instantly.
We Maintain Work Transparency
By choosing us, you can save your family from all the stress and hassle of going to probate court. And by creating an estate plan that best suits your needs, you are safeguarding your family’s future. When you choose our services to create an estate plan, you get multiple benefits, including complete transparency in our work. We ensure that you are a part of all our work.
Your Information Is Safe With Us
When you create your estate plan with us, you choose safety. With us, you decide who is taking care of all your financial work and who is protecting your privacy. We help you avoid all legal costs and protect all your assets from going to probate court. All your documents and information are protected and secure with us.
If you wish to protect your loved ones’ future and all your assets after you are no longer available to do it on your own, then you are going to need a comprehensive estate plan. An Estate Plan will help you divide your assets and safeguard them without hassle. At Estate Planning with Nirvana, we offer cost-effective estate planning attorney packages that will keep you worry-free. So, no more waiting for appointments and paying a hefty amount to create your estate plan. Visit our website to learn how we can help you create a perfect estate plan.
Frequently Asked Questions
When you are creating an estate plan, these are some of the basic things that you need to keep in mind:
- Step 1: know what your goals are for estate planning purposes
- Step 2: Collect all the essential information, data, and documents you need to create your estate plan.
- Step 3: Check and discuss your plan with an experienced estate planning attorney.
- Step 4: Create strategies on how you want to divide your estate between your loved ones
- Step 5: Proceed to create your estate plan with all the information you have on you.
Step 6: Keep checking your estate plan time after time.
When it comes to making a comprehensive estate plan, here are some of the most important documents that you need to add to your will:
- Living Will
- Living Trust
- Healthcare Power of Attorney (POA)
- Last Will and Testament
- Durable Power of Attorney (POA)
The best three ways in which you can avoid probate are:
- By creating a living trust.
- By naming your beneficiaries for all your assets.
- And holding joint property.
There are certain types of fees that you will have to pay as your probate, and it is also known as disbursement costs. For instance, you will have to pay for certain legal copies of your documents. Furthermore, in some cases, you may also have to sell your assets when sorting them out while distributing.