Estate Planning

Estate Planning

Estate planning is considered to be the process of arranging the transfer of your assets in anticipation of your death. Estate planning can consist of the preservation for the maximum amount of wealth for the intended beneficiaries and the flexibility of being able to change by the individual prior to death. Estate planning can involve such matters as preparing a will in order to designate beneficiaries and setting up a trust to help reduce your estate tax liability. Estate planning can help to eliminate any uncertainties over the administration of your estate and to get the most out of your estate by reducing your tax burden upon your death.

There are benefits to estate planning that you will want to consider in deciding if estate planning is right for you and your family. One benefit of estate planning is this type of planning can give you the peace of mind with knowing that your estate will be protected and your loved ones will be provided for. Another benefit of estate planning is when you have the right estate plan in place; it may help you to reduce or avoid estate, income and capital gains taxes. Estate planning further allows your estate to go to your beneficiaries without the long drawn-out and costly process of probate. Estate planning can also protect your assets from any lawsuits, creditors, and divorce. Finally, one last benefit of estate planning is this type of plan will allow you to decide who the best person(s) is to manage your affairs. Contact United Retirement Advisors Group to find out how we can help you with your estate planning needs.


A trust is a legal arrangement in estate planning in which a person who is called the trustor, transfers property to a trustee. The trustee will then hold the property in a trust for the benefit of your designated beneficiaries. A trust is usually a contract between the trustor and the trustee in which the trustee agrees to manage your property and distribute your assets pursuant to your trust’s terms. A trust must have certain elements in the agreement in order to be valid. The five elements that are required for a valid trust is a trustor, a trustee, trust property, beneficiaries, and a purpose for the trust. A trust can be created for any lawful purpose as long as it doesn't violate any criminal or civil laws. A trust’s purpose needs to be clearly stated in the trust agreement.

Some common benefits of a trust are a trust helps to protect your estate and your beneficiary’s estate. Protecting your estate is one of the common ways that a trust is used for. Another benefit of a trust is it could provide funding for educational needs for your children, grandchildren or any other relatives. You can set aside and fund your trust for educational purposes, such as tuition and living expenses. One other benefit for a trust is this is the best way to avoid probate. When you keep certain property out of your probate estate, you will be able to avoid the costs and hassles that probate could bring to your trust. Finally, one last benefit of a trust could be that you get to put any conditions or rules on how you want your assets sorted out after you die. A trust can be both flexible and complex and that is why you should talk to United Retirement Advisors Group so that they can help you find the right professional to assist you with all of your trusts needs.

Revocable Trust

A revocable trust is a type of trust that allows you to have some flexibility to adjust the provisions of your trust while you are still alive, but you still have the security of knowing that your estate and trust will be transferred upon your death. A revocable trust is considered to be a popular choice for estate planning because of the flexibility that this type of trust brings. A revocable trust can be changed, amended, or terminated during your lifetime as long as you are not under any sort of legal disability and are still of sound and mind. A revocable trust allows you to still maintain a good deal of control over your trust property and the beneficiaries of your trust.

There are some benefits that you will want to consider with regards to a revocable trust. A revocable trust helps to ensure that your property is still available to you in case you become mentally or physically unable to manage your own affairs. A revocable trust also helps you to avoid the costly process of probate. Avoiding probate is significant when it comes to you owning real estate in more than one state, because you then avoid multiple probates proceeding with your revocable trust. One final benefit of a revocable trust is that it can provide a way to ensure the continued management and preservation of your assets. A revocable trust also sets forth the rules of dispositive provisions of your estate. Contact United Retirement Advisors Group so that we can help you find the right professional to assist you with all of your revocable trust needs.

Irrevocable Trust

An irrevocable trust is a type of trust that cannot be changed or terminated without the permission of the trusts beneficiary. The grantor of an irrevocable trust removes all of his or her rights of ownership to the assets and the trust. Once an irrevocable trust is created, the written agreement of the trust is set in stone and cannot be modified for any reason in the future. Any property that you place into an irrevocable trust is now considered to be part of the trust, therefore the said property does not belong to you.

An irrevocable trust may offer some tax advantages especially with your capital gains taxes. If an irrevocable trust is structured right, then all of your assets are transferred into the trust and will be received as a step-up to your beneficiaries upon your death. An irrevocable trust also provides a tax advantage to your primary home by retaining your capital gains tax exclusion which you would not be able to do if it was received as a gift by the beneficiary of your trust. Additional benefits that an irrevocable trust could bring to your estate is you can manage your investments better, you can shift income to a lower tax bracket for your beneficiaries, protect your assets for your beneficiaries if they are on Medicaid or SSI, and keep your property out of your estate for probate purposes. Contact United Retirement Advisors Group so that we can help you find the right professional to assist you with all of your irrevocable trust needs.

Living Trust

A living trust is considered to be type of trust that you create during your lifetime instead of when you die. A living trust can help you avoid probate, reduce your estate taxes, and setup long term property management. A living trust is suitable for individuals who have complicated personal or financial circumstances such as a substantial amount of assets, a blended family, closely held financial interests, and property in other states. Having a living trust will help avoid the costly effects of probate and allows your trustee to carry out your wishes. A living trust can also be an effective tool for unmarried individuals, assuming that an individual’s desires cannot be carried out through other means of beneficiary designations.

There can be some benefits to a living trust that you will want to consider in order to decide if a living trust is right for you and your family. One benefit of a living trust is it helps you to avoid probate. Since a living trust helps you avoid probate, this means that your assets can be distributed to your family and loved ones a lot faster according to your wishes in your living trust. Another benefit of a living trust is that it can save your estate money at the time of your death since the distribution of your assets will not be going through probate. A living trust will also hold up better in court if someone comes forward and decides to contest your living trust. Finally, a living trust is usually written so that your trustee can automatically jump into the driver’s seat if you were to become incapacitated. Contact United Retirement Advisors Group so that we can help you find the right professional to assist you with all of your living trust needs.


A will is considered to be a legal document that one puts together on how they want their wealth distributed and directs how their estate is to be managed after their death. A will is usually a written document which allows you to name guardians for your dependent children because without a valid will in place the courts can decide on what happens to your wealth and who is ultimately responsible for your dependents. A will allows you to name the person (executor) that will be in charge of all of your estate needs. When you decide on an executor, you should pick one that you would completely trust with your afterlife affairs and you will also need to let the executor know about your decision and what exactly this means when distributing your property, filing your tax returns, and taking care of any debts that are owed to creditors.

There are many benefits to making sure a will is in place when you die. One advantage of having a will in place is it provides both personal and financial security for your family. A will can be one of the most effective ways to ensure that your loved ones are taken care of after you are gone. A will can provide peace of mind for both you and your family and friends because you are ensuring that the people you love are provided for when you are gone. Another advantage of having a will in place is it allows you to leave all of your items of sentimental value to whomever you choose. Preparing a will is a good way to acknowledge your loved ones and let them know how important they are to you. Some other advantages of having a will in place are you might be able to pay less in inheritance tax, you could appoint guardians for your dependents and pets, and you can decide who is going to administer your affairs in regards to your will, and finally you can specify your wishes for your funeral. Contact United Retirement Advisors Group so that we can help you find the right professional to assist you with all of your will needs.

Living Will

A living will is a type of legal document which you execute that states which life-prolonging and saving measures you do or do not want. A living allows you to express your desires in writing to your doctors in case you are not able to communicate to them directly. A living also allows you to plan on whether or not you will want to be on life support machines and when to terminate that care in the event of an illness or injury. A living will is usually combined with a health care power of attorney, which allows you to name someone to carry out any health care decisions you have made in the event that you become incapacitated. Together a living will and a health care power of attorney make up an advanced healthcare directive.

There are a few benefits of a living will that you will want to learn about to help you decide what is best for you and your family. Having a living will in place will help ease the strain for your loved one(s) that will be tasked to carry out those decisions for you. One benefit of having a living will in place is the medical professionals will know how to care for you if you become incapacitated. A living will makes it easier for the doctors to recommend the right kind of medical treatment according to the patient’s wishes and hopefully will reduce any conflicts amongst your loved ones who might not agree on the type of care that should be given to you. Another benefit of having a living will in place is it may give you and your family peace of mind knowing that a living will is in place. It is never easy to talk about this type of crisis, however, it is better to know that everything has been discussed and decided by you, before you are incapacitated. Finally, one last benefit of having a living will in place, is that you have maintained a sense of control in your life and you didn’t leave these types of decisions unattended to for someone else to dwell over. A living will leaves you the right to speak about your own preferences whether or not you will be medically able to in the future. Finally, A living will allows you to direct your own care up to the final moments while still being able to retain your independence. Contact United Retirement Advisors Group so that we can help you find the right professional to assist you with all of your living will needs.