William English Bankruptcy, Immigration, Criminal, Divorce and Probate Law
The Law Offices of William EnglishThe Law Offices of William English
The Law Offices of William EnglishThe Law Offices of William English
The Law Offices of William EnglishThe Law Offices of William English
       
 

Contact

Alaska area Office

310 K Street, #200,
Anchorage, Alaska 99501
Office: (907) 264-6722
Cell: (907) 274-3633
Toll Free: 888-991-3633

William English Middlie Line WELCOME

Welcome to my website. Most people die without an estate plan and forego all the benefits of planning. The effects can be felt by their loved ones in increased costs, frustration, and dissatisfaction. If you recognize the necessity to make the sacrifices, while living, to create an estate plan for the future prosperity of your loved ones or to fund a satisfactory standard of living for your retirement, then you will recognize the time and effort needed to create a proper estate plan.

Estate planning involves anticipating the likely costs of probate and estate taxes and then planning to minimize these burdens. Also, the time it takes to probate an estate, with its mandatory and inevitable delays, should be compared to the speed your assets can be transferred under probate avoidance estate planning tools.

One estate planning tool that I have used for my parents that is cheaper than the costs of probate and bypasses all the mandatory and inevitable waiting periods in a probate case is a revocable living trust. In summary, a revocable living trust is much faster than probate in Alaska, and less expensive.

While living, you keep effective control of your assets and you can do whatever you like with the assets that you transferred to the trust. You are not locked into any provision because the trust is revocable. You can sell property, give it away, or spend it. Upon your death, the provisions of the revocable living trust become irrevocable.

Setting up a revocable living trust involves about the same amount of work involved in creating a will. There is one additional and crucial step involved - you must make sure to transfer legal ownership/title to all the property you listed in the trust document.

Secondly, you must be aware that periodic updating of the trust is important as assets change, and beneficiaries change.

I have an estate planning package that will cover most people's basic estate planning needs. For $2,500.00, you will receive:

  • A Revocable living trust
  • A Pour-Over Will
  • A Durable Power of Attorney for Health Care Decisions
  • An Alaska Health Care Directive
  • A HIPAA Privacy Authorization Form

If you require complexities beyond the basics like business transition planning, embedded trusts like a spendthrift trust in the revocable living trust, or you need tax planning research, fees will be in addition to the above basic fee.

If you want to learn more about revocable living trusts, please call me and set up a free consultation.