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Updated 7 months ago,

User Stats

285
Posts
67
Votes
Leon Lee
  • Real Estate Investor
  • Atlanta, GA
67
Votes |
285
Posts

Seeking Advice on Setting Up a Revocable Living Trust in GA

Leon Lee
  • Real Estate Investor
  • Atlanta, GA
Posted

Hi everyone,

 I'm planning to set up a revocable living trust. My goal is to ensure that if anything unfortunate happens to me before my daughter turns 18, all my properties won’t go through probate and get frozen for up to two years before she can access them.

I have a few questions and would appreciate any advice:

  1. Estate Planning Lawyer Recommendations: Can anyone recommend a good estate planning lawyer in Georgia? Is it essential to have a local lawyer to set up the trust correctly?
  2. Online Services for Trust Setup: Has anyone used online services for setting up a trust? If so, what was your experience?
  3. Asset Protection through LLCs: Some lawyers I've consulted mentioned a package that includes both probate avoidance and asset protection. They suggested putting my properties in 2-3 LLCs and then placing these LLCs in a revocable living trust. Does this strategy effectively contain potential damages (e.g., from lawsuits) within the specific LLC?
  4. Protection from Nursing Home Costs: They also mentioned concerns about Uncle Sam taking my assets to cover nursing home costs. Which part of a revocable living trust can protect me from this?

I’m looking forward to your insights and recommendations. Thanks in advance for your help!

Best regards, Lee

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