The ultimate gift for your loved ones
Trust in your family’s future.
With a revocable trust, you’ll rest easy knowing that your loved ones won’t face extra hardship after you’re gone.
Hope’s Revocable Trust Package is the ultimate estate planning bundle. Available for a $1,350 flat fee, the package includes includes:
A last will and testament
Revocable trust
Quit Claim Deed
Power of attorney documents
Living Will
Skip the stress of probate
Here’s the headline: A revocable trust protects assets from probate and privately transfers inheritance without headaches.
Creating a revocable trust — also called a living trust — is like creating a business that is separate from you as an individual. A revocable trust is not a person, just like an LLC. That’s why the assets of the trust, even real estate, are not required to go through the court-supervised probate process to transfer to beneficiaries.
This can save your family thousands of dollars and months of effort.
Pricing
$2,000 Flat Fee
The Revocable Trust Package includes a last will and testament, revocable trust, quit claim deed, power of attorney documents, living will, and asset-transfer plan.
The Process
You can get your revocable trust and other estate-planning documents finalized and signed without leaving your house.
Book your appointment directly on my calendar.
Receive an intake form in advance, which takes about 10 minutes to complete.
Meet with me in-person, over Zoom, or by phone for about an hour to discuss and finalize your estate-planning documents.
Sign your documents in the presence of witnesses and have me notarize them. This can be done at the end of the meeting or at a separate time.
Store your completed documents in a safe place and tell loved ones where they are.
Change your perspective
You may think trusts are only for the ultra-wealthy. But a revocable trust is actually ideal for anyone who owns a home.
Using a revocable trust allows the real estate to pass easily to your beneficiaries: a surviving spouse, minor or adult children, beloved friends, or a favorite charity.
Depending on your situation, a revocable trust may be an essential part of an effective estate plan — one that simplifies affairs for your family and ensures that your wishes are carried out.
For example, for married couples, the trust provides an estate plan for both spouses and relieves the surviving spouse of the burden of updating their own estate plan.
What Iowans Are Saying
“Hope is a great listener and does great work. She spends the right amount of time to make sure that she answers all questions and gets us what we need. Thank you, Hope.”
— Cathy
“I was THRILLED to see how this attorney provided me with clarity about my legal issue (and its pricing). It is so refreshing to see transparency in pricing, services provided and outcomes available. I highly recommend her services!”
— BT
“Hope guided us through a very thorough process, and completed all of the legal documents (revocable trust, revised wills, power of attorney, living wills and medical power of attorney for each of us). Very engaged, friendly, personable and professional, and very reasonable fee.”
— Gary
FAQs: Revocable Trust
Don’t see your question?
Find answers about wills, beneficiaries, notarization, and other estate planning topics here.
What is a revocable trust?
Creating a revocable trust is like creating a business that is separate from you as an individual. A revocable trust is not a person, just like an LLC. This is why the assets of the trust are not required to go through the court-supervised probate process to transfer to beneficiaries. However, a trust must be created and funded correctly in order to be an effective asset-transfer plan.
A revocable trust requires two things:
A legal written document naming the grantor, trustee, and beneficiary, with a notarized signature by the grantor
Assets titled in the name of the trust
The legal, written document identifies the grantor (also called a settlor or trustor) as the person who is transferring the assets into the name of the trust. A joint trust has multiple grantors and is common for spouses or a group of family members.
A trust names a beneficiary or group of beneficiaries. The grantor can be the beneficiary during their lifetime, but the trust must name another beneficiary to be valid. A trust also names an event or events when the trust must terminate and the assets be distributed to the named beneficiaries.
A revocable trust can be amended or completely revoked with the consent of all of the trustees. In contrast, an irrevocable trust cannot be amended or revoked.
A revocable trust is a document separate from your will. It is only effective after it is signed and funded. Opening a bank account in the name of the trust and depositing a nominal amount of money is all that is necessary to fund the trust. If the trust is not funded, it is not valid.
A revocable trust is more expensive than a testamentary trust, but it can save your beneficiaries from having to go through the court-supervised probate process. It is also a private document, whereas a testamentary trust is filed with the court and is court-supervised.
Add a Revocable Trust when you schedule a Will in a Day®
What is a testamentary trust?
A testamentary trust is written into a will and is only effective if the conditions named in the will occur. A testamentary trust is funded by naming the trustee as the beneficiary for your financial assets after your death. For example, in a life insurance policy, you can name as a beneficiary: “Leslie Knope as Trustee of the Ron Swanson Testamentary Trust.”
A trust isn’t just for people with large assets. And, in most families, it isn't for tax-planning purposes. A testamentary trust is part of your will and takes effect on your death; there is no management of the trust during your lifetime.
Trusts for minor children: A basic will—one that you can purchase online or through an office supply store—will not include a trust. Will in a Day® for parents with minor children automatically includes a testamentary trust. Without the trust, minor children will have access to their full inheritance at age 18. In the trust, you set out what ages and what amounts are distributed to the children.
Trusts for surviving spouse and adult children: A revocable trust in tandem with a will can prevent your assets from being subject to the court's probate process. Creating a revocable trust means a surviving spouse doesn't have to update his or her will in the future to avoid probate for adult children beneficiaries.
Life insurance and trusts: The easiest way to fund a trust for your children is to take out a life insurance policy and name the trust as the beneficiary. A life insurance policy can also be designated to pay for your funeral and burial, which costs an average of $10,000. Without planning, these costs have to be paid by the survivors.
“ Hope was very thorough and made sure that the documents reflected our wishes accurately, and has a very kind and patient manner, ensuring that all of our questions were answered completely. I would use Hope again in a heartbeat for any other document drafting, family law, or general practice needs for our family!
— Peter