ESTATE SETTLEMENT

ESTATE SETTLEMENT

Upon the demise of the Owner of the Trust Estate, the Successor Trustees are left with the job of settling the estate.  As many of the Successor Trustees and Beneficiaries are the children of the deceased, they do not have the expertise necessary to comply with State and Federal Law, and frequently make mistakes that lead to issues that can delay distribution as well as possible lawsuits, fines and unnecessary taxes.

ULTRA ESTATE PLANNING includes in its LEGAL BENEFIT PROGRAM the ESTATE SETTLEMENT feature that provides guidance and State and Federal Government form processing to ensure that the proper steps are taken to pass the estate to beneficiaries.  Done properly the estate can pass to the beneficiaries in as little as 4 months.

Public Attorneys and Trust Companies charge Thousands of Dollars to do what ULTRA includes in its Legal Benefit Program.  Fees from Trust Companies start at 4% for the first $1 million, 2% for the second million and 1% for every $1 million in additional assets.  If you do not want to subject your estate and children to this overpriced fee structure then sign up today for the Legal Benefit Program through ULTRA ESTATE PLANNING.

The following documents are provided through the ESTATE SETTLEMENT PROGRAM

Notice to Beneficiaries

Complete copy of Revocable Living Trust and supporting documents are constructed and sent to beneficiaries serving notice of the disposition of the estate and the distribution thereof.

Accounting of Assets

Provided with the notice to beneficiaries the accounting of assets details the assets held in trust.  Real Property as well as liquid accounts are identified.

IRS Estate Tax ID Number

EIN number from the IRS will be used in establishing an “Estate” account from which the Successor Trustee will pay debts and taxes of the Settlor

Affidavit Death of Trustee

ADOT is provided for each deceased Trustee notifying the county of the passing of the Settlor as it relates to title of the real property held in trust.

Proposition 58 Forms Completed

Tax benefits to beneficiaries are available through county offices preserving established tax basis for real property.  Parent to child or grandchild transfers are allowed by the counties of California enabling the beneficiaries to keep family property without the extra burden of a new tax basis.