top of page

10 Essential Living Trust Preparations for Your Estate Before You Pass Away

Updated: Sep 17, 2023


Mother and child enjoying a beach walk, representing the importance of estate planning for a secure family future.

Planning for the future isn't always easy, but it's necessary. Especially when it comes to your estate. Having a solid estate plan in place can give you peace of mind and ensure your loved ones are taken care of when you're no longer around. Online estate planning tools are increasingly becoming the go-to resource for people looking to secure their future. One such tool is a living trust.

Here are ten things you should have in place for your estate before you die, keeping a strong focus on living trusts and online estate planning.

1. Living Trust

A living trust is a crucial component of a well-planned estate. It allows you to control your assets during your lifetime and designate who will manage them after your death. With a living trust, you can avoid probate, ensure privacy, and provide a clear plan for your assets. At 299Trust.com, we make it easy to create a living trust online that is legally binding and customized to your needs.

2. Last Will and Testament

Your Last Will and Testament is a legal document that dictates how your estate should be distributed after your death. It complements your living trust, especially for assets not included in the trust. You can create your Last Will and Testament easily with our online estate planning tools.

3. Power of Attorney

A Power of Attorney allows you to appoint someone to make decisions on your behalf should you become incapacitated. This is a vital aspect of a comprehensive estate plan.

4. Health Care Directive

Also known as a living will, a health care directive outlines your wishes for medical treatment if you become unable to communicate or make decisions.

5. Guardianship Designations

If you have minor children, it's crucial to establish who will care for them if you are unable to. This is a significant aspect of both your will and your living trust.

6. Beneficiary Designations

Life insurance policies, retirement accounts, and other financial products need to have beneficiaries designated. This step is separate from your will or living trust but is equally important.

7. Letter of Intent

A Letter of Intent is a document left to your executor or a beneficiary, specifying what you want done with a particular asset after your death or if you have specific funeral or memorial service wishes.

8. Digital Asset Trust

With the digital age, your digital assets, like social media accounts and digital files, are becoming increasingly important. An aspect of modern estate planning involves including these in your living trust.

9. List of Debts and Assets

Maintaining an up-to-date list of all your debts and assets will make it easier for your executor or trustee to manage your estate when the time comes.

10. Regular Reviews and Updates

Your estate plan should not be a set-and-forget plan. Regular reviews and updates are crucial, especially after significant life events.

At 299Trust.com, we understand the importance of a well-prepared estate plan and the role a living trust plays in that. That's why we offer comprehensive, easy-to-use online estate planning tools to help you create your living trust and other essential documents.

Take the first step in securing your future. Visit 299Trust today and start your journey to a worry-free tomorrow.

Remember, estate planning is not just for the wealthy or elderly. It's for everyone who wishes to leave a legacy, secure their family's future, and enjoy peace of mind. So why wait? Start planning today, and let 299Trust.com guide you on your estate planning journey.

bottom of page