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Trusts must be funded with assets in order to exist. Luckily, with a Bill of Sale included in every Standard Plan and Blended Family Plan, you can fund your trust from the outset. Learn more about how a Bill of Sale works below.
For a trust to exist, it must be "funded." Assets like the house, bank accounts, and investment accounts could be transferred into the trust, while other assets like retirement plans, annuities, and life insurance can list the trust as beneficiary. But what about the contents inside of your house or other personal items you hold dear? That's where a Bill of Sale comes in.
A Bill of Sale is a document which retitles items of tangible personal property from your personal name into the name of your trust. While this may seem like a stupid legal fiction, it really isn't. When the assets are owned in your individual name at death, they will need to go through probate. If, however, the tangible personal property is transferred into your trust during your life, they will not have to go through probate.
Moreover, some states do not allow people who create wills to leave gifts of tangible personal property on a separate written list. When you have a trust (either with a GoGo Estate Standard or Complex Plan), you can keep such a list. The terms of the trust specifically state that the settlor(s) of the trust can designate one or more beneficiaries to specific items of tangible personal property upon death. At death, the successor trustee will be responsible for distributing those specific items to the individuals named on the written list (attached to the trust as Schedule A). This would not be allowed but for the purchase of a Standard or Complex Plan through GoGo Estate.
Bills of sale are only available for customers who purchase a Standard or Complex Plan through GoGo Estate. If you would like to leave specific items of tangible personal property at death, you should consider purchasing a Standard or Complex Plan today.
No! GoGo Estate does not provide legal services. However, we do provide our customers with self-help estate planning forms drafted by licensed estate planning attorneys.
The average estate plan costs between $2,000 and $3,000! This is way too much money, especially since many attorneys use "plug-and-play" software. And while seeking the advice of an experienced estate planning attorney can be helpful, GoGo Estate gives you access to detailed attorney-drafted forms so you can save up to 70% on your estate plan!
We know there are a lot of other options out there. We can confidently say that GoGo Estate has the most comprehensive estate planning forms on the internet. Our competition doesn't even come close! Plus, our forms are drafted by actual practicing estate planning attorneys to give you peace of mind.
Absolutely! GoGo Estate has countless state-specific resources so that you can know the ins-and-outs of estate planning without having to pay an attorney. Even better, our estate planning forms are drafted in detail by licensed estate planning attorneys, meaning you can receive the same quality forms you would expect from an attorney at up to 70% the cost!
Yes! No matter which plan you choose, GoGo Estate will send you printed versions of all of your documents. We ship all of your completed documents to you on the next business day. Of course, if you're in a crunch, you can print them out and have them signed yourself.
Unfortunately, most states do not allow for estate planning documents to be signed electronically. That means that you will have to sign them in front of a notary and (depending) at least two witnesses. Luckily, GoGo Estate provides detailed signing instructions in the first few pages of each document you purchase. While we hope to implement electronic signing in the future (depending on the state), at this time we do not help our customers sign their estate planning documents.
GoGo Estate, LLC, is not a law firm and its website as well as technology-enabled self-help estate planning forms are not substitutes for the advice of an attorney. Communications between you and GoGo Estate are governed by our Privacy Policy but are not covered by the attorney-client or work product privilege. Any purchase from GoGo Estate is subject to and governed by our Terms & Conditions.