While everyone should have a Will as an indispensible part of their estate plan, a trust is a great choice in addition to the will. A trust is an arrangement under which one or more people, called trustee(s), hold legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust. The HalalDocuments trust is a living trust, which simply means that you create it while you are alive.
With a HalalDocuments Living Trust, you can create a Trust while you are alive and place your assets including real estate, bank accounts, investment accounts, etc. into your Trust. A Living Trust can be created by one person, or you may wish to create a Family Trust with assets of both husband and wife. While you are alive, you are the Trustee(s) of the Trust, and can use the property freely as if you never transferred it into the Trust. Upon the death of one or more Trustees, the assets of the Trust are distributed by the surviving or successor Trustee. This allows your assets to be transferred to your heirs without having to go through probate court, saving your heirs significant time and expense.
“It is the duty of a Muslim who has anything to bequest not to let two nights pass without writing a will about it.” (Sahih al-Bukhari)
Different kinds of living trusts can help you avoid probate, reduce estate taxes, or set up long-term property management. To learn more about Living Trusts, please visit the HalalDocuments Learning Center.
|Healthcare Power of Attorney||$75|
|Financial Power of Attorney||$50|
|Package for Individual (4 documents)||$225|
|Package for Married Couple (8 documents)||$300|
Why HalalDocuments ?
- Secure your family and assets with our quality products available in all 50 States
- Ensure that your estate planning documents are drafted in accordance with accepted Islamic principles, with documents reviewed and approved by Scholars
- We are a Muslim owned company managed by experienced attorneys
- HalalDocuments is affordable and easy to use, with a simple 3-step process
If you want to know more information about Trusts, please feel free to contact us.