rock efeller rule

A. No way! Revocable trusts, also known as Living Trusts, gives the client only one benefit, which can ultimately create buyer’s remorse for the person buying it. The only benefit of a revocable trust is bypassing probate. That’s it. Living trusts give no tax advantages, privacy protections or asset protection.

A. Typically, we can get the trust set up and begin the activation, consultation and implementation within the first week. There is a 3 day “right of rescission” period which must pass before any work is to begin. This is why we like to say 5-7 business days before the trust set up is complete.

A. The Trust can purchase a non-qualified annuity; however, it cannot pay the money to someone that is not the Trustee or a Trust Beneficiary. The owner should be the Trust, and the beneficiary could be the Trustee or the Beneficiary.

A. No way! Revocable trusts, also known as Living Trusts, gives the client only one benefit, which can ultimately create buyer’s remorse for the person buying it. The only benefit of a revocable trust is bypassing probate. That’s it. Living trusts give no tax advantages, privacy protections or asset protection.

A. Our basic Family or Beneficial Trust costs $15,000 to setup and activate. After this, you can purchase one of any of our service packages (Bronze, Silver, Gold, Platinum or Blue Diamond). There is a lot more to a trust than getting the “book.” The trust must be personalized to each person and their individual situation. Then you must properly activate and fund the trust. This is where 90% of trust buyers will go wrong. Improper activation and funding can invalidate the entire trust and render it completely useless. Then, the last part of the process is implementation of the trust. This involves setting up accounting, business changes, etc. This includes Management Agreements, Operating Agreements and many more. There are more than 100 forms that could be needed going forward, and we can help you with all of it.