Comparing Estate Planning Options

Compare having no estate plan vs. having a Will only vs. Phelps LaClair’s comprehensive revocable living trust package.

  No Estate Plan Will Only Phelps LaClair’s comprehensive revocable living trust package
Time in Probate Court 12 to 36 months 12 to 36 months Zero months (if properly funded)
Control You have no control. A judge decides who’s in charge and who gets your stuff both during disability and after death. You have no control during disability. And after you die, a probate judge oversees your Will. You have 100% control over who’s in charge and who gets your stuff even when you’re disabled or pass away.
Privacy None. Your estate is public record and open to claims of creditors, relatives and lawsuits. None. Your estate is public record and open to claims of creditors, relatives and lawsuits. Totally Private
Protection The inheritance is exposed to your beneficiaries’ (ex) spouses, creditors and reckless spending. The inheritance is exposed to your beneficiaries’ (ex) spouses, creditors and reckless spending. When done properly, the living trust protects the inheritance from your beneficiaries’ (ex) spouses, creditors and reckless spending.
Cost Probate and attorneys’ fees vary, but estimate 6% of gross estate value (for example, an estate of $500,000 might cost $18,000). Probate and attorneys’ fees vary, but estimate 6% of gross estate value (for example, an estate of $500,000 might cost $18,000). Flat-fee living trust plans typically range from $3,900 to $4,400 (attend a seminar or webinar for $500 discount).