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A GoGo Estate Standard Plan helps families efficiently transfer wealth from one generation to the next.
If you are concerned about efficiently transferring wealth from one generation to the next, a GoGo Estate Standard Plan may be right for you.
Each Standard Plan includes a Revocable Living Trust, which helps you plan for any unexpected life events (such as incapacity).
If you utilize the Standard Plan fully, your family can avoid the costly and time-consuming probate process with a Revocable Living Trust.
Revocable Living Trusts preserves assets for future generations. That's why so many GoGo Estate customers purchase a Standard Plan.
The Revocable Living Trust Instrument dictates how your trust operates, contains provisions for distribution of assets, transfers assets into trusts for your kids, and much more.
This type of Will is known as a "Pour Over Will," and states that the terms of your estate plan are dictated by the Revocable Living Trust Instrument.
Also known as a "Health Care Directive" or "Living Will," this directive outlines your end-of-life care planning. It tells family and friends whether to "pull the plug."
Your Durable Health Care Power of Attorney (POA) covers your health care needs, including hiring and firing doctors, organ donation, and end-of-life care.
A Durable General Power of Attorney allows someone else to act on your behalf regarding finances, personal care, and other needs.
GoGo Estate will provide you with a Trust Box & Binder with printed versions of all of your Standard Plan documents, including instructions to ensure you have the tools to effectively understand and utilize your Revocable Living Trust.
Choose from one of GoGo Estate's many Standard Plan options. We've made it easy to sort through based on marital and familial status.
Using our unique and comprehensive self-help estate planning questionnaire and forms, you can complete your own estate plan without the hassle and expense of hiring a lawyer.
You will receive your Standard Plan documents instantly upon completion of GoGo Estate's self-help questions. Once received, you can download and sign on your own time. Or, if you're patient, we'll send you all the printed documents in your Trust Box & Binder.
Technically, trusts don't exist until they are "funded." This means that you have to transfer your assets into trust. Luckily, GoGo Estate gives you the tools to do this with our helpful guides and explanations.
A trust is an estate planning arrangement whereby you transfer ownership of your assets to someone else (known as the trustee) for the benefit of another person (known as the beneficiary). During life, the person who creates a trust will be both trustee and beneficiary. If they become incapacitated, or pass away, someone else steps in as Trustee and their kids (or whomever they select) become the beneficiaries).
The type of Trust Plan offered by GoGo Estate is a Revocable Living Trust. This means that you have the power, during your life, to amend or rescind the Trust at any time. If after a few years you don't feel your Trust is necessary, you can simply get rid of it at any time.
A Trust is a life-planning tool whereas a Will only comes into effect after your death. While both plans help to designate who will receive your property and assets, Trusts have the added benefit of planning for any unexpected challenges life might throw at you. Trusts also avoid Probate, meaning your Beneficiaries receive their assets quicker than those receiving under a Will. Trusts also have the added benefit of protecting your assets from creditors of your Beneficiaries.
Trusts do not exist unless they own property. This means that you will be required to place property in your Trust, or designate your Trust as beneficiary to your property, so that your Trust Plan functions properly. While this may seem daunting, GoGo Estate gives you the tools and resources needed to "Fund" your Trust.
GoGo Estate provides you with detailed instructions on how to sign your trust on the first page of your document. You can also find these instructions in Customer Guides.
Probate is the court-based process for distributing assets after your death. Probate leaves you at the mercy of the courts and opens your estate up to the public. Trusts, on the other hand, are completely private.
Depending on the court and complexity of the estate, Probate may require your Beneficiaries to wait over 2 years to inherit from you.
GoGo Estate, LLC, is not a law firm and its website as well as technology-enabled self-help estate planning forms are not substitutes for the advice of an attorney. Communications between you and GoGo Estate are governed by our Privacy Policy but are not covered by the attorney-client or work product privilege. Any purchase from GoGo Estate is subject to and governed by our Terms & Conditions.