Sample Living Trust - Should You Use One

In my estate planning law practice I get asked all the time if it is ok to use a sample living trust from the internet.  My answer is maybe.  If your total estate tax net worth value is less than the estate tax threshold amount then you can do it yourself.

To calculate your net worth estate tax value, add the value from the following assets:

real property;
financial assets;
personal property; and
death benefits on life insurance you own on your life.

The threshold amount for federal estate tax is $3,500,000.00.  In addition approximately 19 estates have an estate tax threshold that ranges from $1,000,000.00 up to the federal amount.  If you are below these amounts and are willing to take the time to learn what each section of the trust means then you can and should draft your own document from an internet sample living trust. 

Please be aware though that many samples on the internet are just that, samples.  They fit a small population. If you fit within that box, then you will probably be fine.  If your situation is a little different then the sample living trust you are working from may not be the right option.

You should look for a product that gives you information and options and was created by an attorney.  Look for products that teach you about the trust.  Once you understand what makes up the trust document, you will be able to put it together to fit your individual facts and circumstances.

You also want a sample living trust product that gives you all of the supporting documents along with detailed information on how to fund the trust.

Going with a sample living trust can save you thousands of dollars in attorney fees but you need to take the time to understand which product is best.

What You Need to Know About Credit Repair Sample Letters

Ok, I am going to go through a quick run down of what you need to know about credit repair sample letters. There are free sources on the internet as well as paid more specialized sources. But here is the gist of it.

First of all, be polite and straight to the point. Open the letter with the regular everyday letter openings. Dear credit bureau, To whom ever it may concern, etc. What ever floats your boat.
Then state the obvious: This letter is a formal complaint that you are reporting inaccurate data.
State that you are distressed, frustrated, angry, how ever you feel about it, that this incorrect information is on your credit report.
Be sure to remind them that credit reporting laws require them to report only accurate data.
Credit agencies receive over 10,000 letters a day. So they tend to give the most attention to seriously wronged consumers. So tell them how this error has wronged you. Turned down for a load that you really needed. The embarrassment of rejection. Your dog died because you couldn't get a loan for a new kidney. You get my point.
Show proof. Bank records should do. Refer to them in you letter and attach them.
Give the name of the creditor and the account number and stress that the data needs to be removed immediately.
Sign your name and have your social security number underneath.
Keep a copy of the letter for your own personal records and send it registered mail.
Again, be sure you have proof that the reported information is wrong.