The easiest way to create a Trust

To create a trust you will:

1. Go through Dynasty’s simple online workflow to gather your details and generate your digital living trust.
2. Schedule time with one of our online notaries to virtually sign and notarize your trust.
3. We will provide you with a digital copy and securely store the original notarized document in a bank level vault. 

Most online trust providers only take you part of the way by selling you a trust template. Lawyers will take you the entire way but in most cases still don’t want the burden of securely storing your physical documents. Dynasty Advantage will not only help you create your documents, but we also enable you to remotely sign and notarize them as well. Then we physically and securely store your living trust for you. 

Safe storage is an essential part of the process because a trust is only valid if it can be furnished when necessary. If trust documents are lost or damaged, then all the steps you took to properly prepare your estate plan are moot. Dynasty takes the burden of storage away from you and ensures that the right people will be given access to your trust if events call for it.

When it comes to naming who you want to inherit your assets, most people think of creating a Will. But creating a Living Trust actually has huge advantages. We break down the differences for you below.

A Will is a document that describes who you want to inherit your assets after you die. After you die, your Will is interpreted by a judge during a public process known as probate.

On average probate takes 12-18 months and can be expensive with court and lawyer fees. This is made even worse if you have family and friends fighting over your assets. The longer they fight, the more your assets get devoured by legal fees.

A Living Trust is a simple personal entity that allows you to completely circumvent probate and make transferring your assets private and seamless. Think of it like a personal LLC that you put everything you own into. Except it doesn’t protect you from liability like an LLC, it protects your heirs from probate. In addition to being able to assign who you want to inherit your assets, a Trust also allows you to assign someone to manage it (your successor trustee). The person you select as Successor Trustee should be your most trusted person or a professional company that will be impartial and follow your instructions.

At Dynasty we believe that having a Living Trust should be a basic American right, and that it shouldn’t require money or lawyers. So we’ve made it simple and free for everyone. Create your free trust today and never leave your loved ones unprotected.

Probate is the court facilitated legal process that takes place if you don’t have a defensible living trust in place at time of death. This process can take anywhere from 9 to 18 months and cost you up to 10% of the total value of your estate in court fees and attorney costs. 

The process determines:

1. Who your heirs/ beneficiaries are
2. What assets you have
3. How much your assets are worth
4. Who will handle your financial responsibilities (selling your property, transferring your estate, and honoring your financial obligations)

It is estimated that ~3 billion dollars are lost by Americans in probate fees every single year, and a majority of that goes to attorney fees. The good news is that creating a living trust can help you avoid this. Living trusts detail specific instructions for your estate which get carried out by a designated successor trustee. This allows your estate to be transferred without court intervention.

The terms revocable and irrevocable are crucial in trust planning, as they determine the level of control and flexibility the grantor retains.

A revocable trust allows the grantor to amend, modify, or terminate the trust during their lifetime. This flexibility makes it an attractive option for individuals who want to retain control over their assets and make adjustments as their circumstances or preferences change. Revocable trusts are commonly used for estate planning because they simplify the management and transfer of assets while maintaining control.

An irrevocable trust, by definition, cannot generally be altered or canceled after it has been created. However, some irrevocable trusts can be structured to allow certain modifications or ongoing control under specific conditions. For example, provisions like retaining a limited power of appointment, appointing a trust protector, or including decanting clauses can allow for changes to the trust’s terms or management. These mechanisms provide a degree of flexibility while still achieving the primary goals of irrevocable trusts, such as reducing estate taxes, protecting assets from creditors, or ensuring financial security for beneficiaries.

The primary difference between the two lies in the level of control and adaptability. A revocable trust offers complete flexibility and oversight, while an irrevocable trust generally prioritizes permanence and protection. However, a well-structured irrevocable trust can provide both security and limited adaptability, making it a powerful tool for achieving complex estate planning objectives. Understanding these nuances is essential when designing a trust to meet specific goals.

For most, the answer is probably not. Today you can go into any online/offline stationery store and purchase a living trust template. Then you just need to fill it out, sign, notarize and store it securely. As events happen in your life (asset purchase, child’s birth, marriage, etc) you would open the template and fill out all the details again, including any updates. Then again you would need to sign, notarize and store it securely.

The trust process is trivial for most people as it primarily requires assigning beneficiaries and transferring title of your assets from your individual name to your living trust. For anyone that is seeking legal advice or has an overly complicated estate, an attorney is highly recommended.

Choosing between an Asset Protection Trust (APT) and a Revocable Trust depends on your goals and priorities for your home and other assets.

If your primary concern is protecting your home from creditors, lawsuits, or other financial risks, an APT might be the better option. These trusts are designed to shield your assets, but they require you to relinquish direct ownership and some control over the property. For those seeking strong legal protection and the ability to safeguard wealth for future generations, an APT can be a powerful tool, especially when structured with flexibility through provisions like trust protectors or decanting clauses.

On the other hand, if your main objective is to simplify estate planning and avoid probate while maintaining full control over your home during your lifetime, a Revocable Trust is likely the right choice. With a revocable trust, you can freely amend, revoke, or dissolve the trust and continue to manage the home as you always have. While it doesn’t provide creditor protection, it ensures a smooth transfer of assets to your beneficiaries upon your death, making it an excellent choice for straightforward estate planning needs.

To decide which trust is best for you, consider whether your focus is on flexibility and control or asset protection and security. If you need both, some advanced planning may allow for a combination of strategies. Consulting with an experienced estate planning attorney can help you determine the right approach based on your unique financial situation and long-term goals.

An Asset Protection Trust (APT) is a legal tool designed to shield your assets from creditors, lawsuits, and financial risks while ensuring they are preserved for your beneficiaries. By transferring ownership of assets like cash, real estate, or investments into the trust, you separate them from your personal estate, making it difficult for creditors to access them. APTs are commonly used for wealth preservation, estate planning, and protecting assets against unforeseen liabilities. These trusts can be established domestically in certain U.S. states (e.g., Nevada or Alaska)

Once established, the assets in the APT are managed by a trustee according to the trust’s terms. The grantor typically relinquishes ownership and direct control over the assets, although some flexibility can be built in through mechanisms like appointing a trust protector or retaining limited powers of appointment. The trust protects assets by legally separating them from the grantor, ensuring they are not easily accessible to creditors. However, timing is critical—assets must be transferred before any legal claims or debts arise, as late transfers may be deemed fraudulent and invalidated.

An APT offers significant benefits, including creditor protection, estate planning advantages, and confidentiality, as assets in the trust are no longer part of the public record. While these trusts are powerful tools, they come with limitations, such as their typically irrevocable nature and the need to comply with state or jurisdictional laws. Given their complexity, APTs require careful planning and guidance from an experienced attorney to ensure they are structured effectively and align with your financial goals.