Compare Your Living Trust

YOUR OLD LIVING TRUST
VS
THE CONNOR LAW FIRM
LIFE PLANTM ASSET PROTECTION LIVING TRUST
I am often asked to review a Living Trust that has been prepared by another attorney or by a non-attorney. This presents a problem because attorneys are not willing to give their blessing on legal work completed by someone else. Therefore, the only way I can properly respond to such a request is to compare their Living Trust against the LIFE PLAN™ ASSET PROTECTION LIVING TRUST my Firm prepares – this is the Trust I have provided for my own family. Below is such a comparison. It is not intended to provide a legal analysis of the old Trust. Print a copy and review the below questions and write “yes” or “no” in the far right column. This will allow you to compare your Living Trust to the one I have prepared for my family. Doesn’t your family deserve what I have done for mine?

SELECTED IMPORTANT PROVISIONS & DOCUMENTS CONNOR FIRM LIFE PLAN™ ASSET PROTECTION LIVING TRUST YOUR OLD TRUST
FINANCIAL DURABLE POWER OF APPOINTMENT – IMMEDIATELY EFFECTIVE AND CURRENT
There are some problems with incapacity which a Financial Durable Power of Attorney can best handle.
Yes  
HEALTH CARE DURABLE POWER OF APPOINTMENT – IMMEDIATELY EFFECTIVE AND CURRENT
There are some problems with incapacity which a Health Care Durable Power of Attorney can best handle.
Yes  
MENTAL HEALTH CARE DURABLE POWER OF APPOINTMENT – IMMEDIATELY EFFECTIVE AND CURRENT
There are some problems with incapacity which a Mental Health Care Durable Power of Attorney can best handle.
Yes  
POUR-OVER WILL
Takes property accidentally left outside of the Trust and “Pours” it over into the Trust to best meet your asset management directions which are set forth in the Trust.
Yes  
LIVING WILL
Sets forth your desire, or lack of desire, to utilize life-prolonging methods to sustain your life in the event you are technically and medically brain-dead.
Yes  
DOCUBANK AVAILABILITY OF POWERS OF ATTORNEY
Ensures that your Health Care documents are immediately available to any health institution anywhere in the world.
Yes  
DISCLAIMER FUNDING FOR FLEXIBLE TAX AVOIDANCE
Allows the surviving spouse the flexible opportunity to utilize a tax saving By-pass Trust if necessary.
Yes  
PRE-NUPTIAL REQUIREMENT FOR SURVIVING SPOUSE
Helps protect the surviving spouse from a predator new spouse if he/she remarries.
Yes  
BY-PASS TRUST DISTRIBUTION TRUSTEE ASSET PROTECTION FOR SURVIVING SPOUSE
Helps provide the surviving spouse added creditor protection with the funds available in the By-pass Trust.
Yes  
DISABILITY PANEL WITH STANDARDS
Helps avoid the reluctant nature of a doctor to determine whether you are incapacitated and helps avoid a court determination of your physical or mental capacity.
Yes  
PROTECTION OF ASSETS FOR CHILD IF THERE IS A DIVORCE
Ensures that your hard-earned assets remain for the benefit of your child rather than your child’s ex-spouse or the ex in-law’s new boyfriend/girlfriend, or spouse.
Yes  
PROTECTION OF ASSETS FOR CHILD IF THERE IS A LAW SUIT
Ensures that your hard-earned assets remain for the benefit of your child rather than the overzealous person injured in an auto accident or from a disenchanted business partner or creditor.
Yes  
PROTECTION OF ASSETS FOR CHILD FROM CREDITORS Ensures that your hard-earned assets remain for the benefit of your child rather than your child’s creditors. Remember, even the most careful child can become subject to financial reversals or judgement creditors. Yes  
AVOIDS PROBATE – A COURT PROCESS
Probate is a lengthy, public, and costly process. Your assets must be in the Trust to avoid the probate process.
Yes  
AVOIDS COURT ORDERED CONSERVATORSHIP
Similar to probate, a conservatorship process is a lengthy, public and costly process. Additionally, the court requires a regular reporting procedure which is onerous.
Yes  
ALLOWS FOR MEMORANDA TRANSFER OF PERSONAL PROPERTY
Legal document that gives you day-to-day flexibility to leave certain “personal” items to those you choose.
Yes  
PROVIDES FOR UNANTICIPATED SPECIAL NEEDS CHILD OR GRANDCHILD
Gives you a built-in safety net provision to care for those future and unknown grandchildren who may require government assistance due to some unforeseen handicap but who should also benefit as an heir.
Yes  
FEDERAL HIPAA NOTICE IN APPROPRIATE DOCUMENTS
The absence of this document or medical release provision, or failure to include a HIPAA provision within your health care documents, will greatly hinder proper medical record access which your loved ones may need to obtain from your medical provider in order to make medical decisions for you in the event you cannot make them yourself.
Yes