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Champ or Champy is the famed, completely undocumented monster of Lake Champlain. No one has ever seen this monster, but just in case, the Vermont government has made sure that he, she or it will be protected under environmental law. Champy is a member of the endangered species list, just in case.
What about your estate? Have you planned for it as thoroughly as the Vermont government planned for a monster no one has seen? What have you done for your family and your possessions in the event that you pass away? While many residents of the Green Mountain State logically think of a last will and testament to handle their estate's future, an effective tool for planning is what's called a living trust. Through this new legal entity, in most states, you can avoid probate court and associated hefty legal fees.
While setting up a living trust takes more planning and can be more expensive than a traditional will, it is a very effective estate planning tool. Living trusts can help your heirs avoid certain estate taxes if prepared properly, and will allow your estate to remain private, since, unlike a will, it does not become part of the public record. Additionally, a living trust allows you to hand over management of your assets to someone else if you become unable to manage your assets yourself.
Each state handles living trusts differently. At LegalZoom, we accurately tailor your living trust to the needs and requirements of Vermont. You can rest assured that with correctly prepared, customized documents, you can meet every one of your estate management goals, without paying unnecessary legal fees. Join the thousands of people who have successfully planned their future, form your living trust with LegalZoom, today!
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