Legacy Planning

Wills, Trusts, & Bequest

Living Will Vs.

Living Trust:

Differences, Pros & Cons

Living Will

Table of Contents

Dear Friends, as you contemplate the future and how to best manage your resources, remember that estate planning, including drafting a will, is a key aspect of leaving a lasting impact.

This could be the most significant gift you will be able to transfer to your family. That's where our dedicated legacy planning team steps in. They're ready to guide you through the complexities of preparing, planning, and managing your assets effectively. For those with young ones, this includes arrangements for their guardianship.

Your legacy planning isn't just about the here and now; it reaches into the future, allowing your contributions to support your mission of protecting what rightfully belongs to you and your family.

Estate and Will Creation

Your will is a crucial legal tool that ensures your estate is managed according to your wishes, providing security for your family and loved ones. Without a will, the state where your assets are located will dictate how your estate is handled. To kickstart your estate planning, we suggest using our Personal Data Sheet.

The consequences of not having a will include:

  • Your assets will be distributed without your input.

  • The inheritance distribution will be determined by the court

  • Guardianship of your minor children will be decided by the court.

Part of the will-making process involves appointing an executor. This person is responsible for executing your wishes as outlined in your will. To better understand the executor's role, we encourage you to use our Executor/Trustee Information Brochure.

We recognize, however, that a will might not suit everyone's needs. For instance, a will does not not avoid probate when you pass, and must be validated by the probate court before it can be enforced. We suggest exploring Living Trusts as an alternative to make the most informed choice for your situation.

If you're considering drafting your Last Will and Testament, we invite you to thoughtfully include a contribution to your foundation or a foundation/charity/cause of your choosing, doing so, you are extending your legacy of giving beyond your lifetime. This allows you full control over your assets while you're alive (most importantly too, right, while you're still living?) and ensures a meaningful gift from your estate afterward.

Below, you'll find suggested wording to include in your Last Will and Testament.



There are times when a simple will is not enough. A revocable living trust offers several advantages, like flexibility, privacy, and the ability to tailor it to your specific goals. This type of trust not only allows for the management of your assets during your lifetime but also allows your heirs to avoid the hassles of probate and to distribute your assets quickly.

Here's why you may wish to avoid probate:

Probate* is essentially a court-supervised procedure where your assets are transferred from your name to your heirs, as per your will. Unfortunately, even with a will, your estate would still undergo probate. A revocable living trust, however, bypasses these probate hassles, keeping costs, delays, and public exposure at bay.

A living trust allows you to use and manage your assets while you're alive, with decisions made by the trustee(s). In the event of your death, any charitable donations or specific instructions you've set within the trust for asset distribution are executed by the trustee(s), without the need for probate.

Moreover, a trust offers protection in case of physical or mental incapacity. Unlike a will, where the courts step in during such incapacities, a trust allows your co-trustee or the trust document to manage your assets, avoiding court intervention.

If incapacitated and unable to manage your affairs, and if you only have a will, the court will appoint someone to act on your behalf. This court involvement often continues until recovery or death, with the court, not your family, deciding how to use your assets for your care.

Opting for a living trust can bring significant benefits for you and your family:

Legacy Planning

Gift Options

Let Us Help You Protect What Rightfully Belongs to You!



Get Involved

Be a Legacy Builder

Partner with Us

Mission Initiatives

Charities & Foundations

Get Involved

Our Services

Foreclosure Mitigation

Leave a Review/Testimonial


Get In Touch

© 2024 Golden Gates Consulting™ PMA, LLC. ALL RIGHTS RESERVED.


Address: Nationwide Services | Partnered

Sister Divisions: Divine Property Associates | Morney Signing Services, TX | CT Notary Hub | Golden Gates Consulting, CT

This site is not a part of the Google website or Google, Inc. Additionally, this site is NOT endorsed by Facebook in any way. Google is a trademark of GOOGLE, Inc. DISCLAIMER: Individual results may vary, the figures stated above are personal figures. Please understand our results are not typical. We are not implying you'll duplicate them (or anything for that matter). The average person who buys any "how to" information gets little to no results. We are using these references for example purposes only. Your results will vary and depend on many factors...including but not limited to your background, experience, and work ethic. All business entails risk as well as massive and consistent effort and action. If you're not willing to accept that, please DO Not opt-in for training.

The content on this site is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our site constitutes a solicitation, recommendation, endorsement, or offer by Golden Gates Consulting™ PMA, LLC or any third party to buy or sell any financial instruments.

Our Process & Next Steps

To Putting Your Home in a Personal Property Trust

You can either receive our resources


Book a Consultation

You will receive an email


To Putting Your Home in a Personal Property Trust


Book a Consultation

What are people saying about your business online? 72% of U.S. consumers said they research companies through social channels before making purchases


Where do you show up? 95.91% of all clicks occur on page 1 of Google, and the top three positions deliver 58.4% of traffic.

Service 3

Are you maximizing the value of your existing customer base? On average it cost 5 times more to acquire a new customer than it does to sell new services to an existing customer.

Service 4

Do you have a program to systematically gain quality referrals from current customers? FACT: Referrals spend more, convert better and shop faster.

Ethical Approach

Great Ideas

Save Money

Detailed Report

Our Resources

Free Personal Data Sheet

What are people saying about your business online? 72% of U.S. consumers said they research companies through social channels before making purchases

Executor / Trustee Information Brochure

What are people saying about your business online? 72% of U.S. consumers said they research companies through social channels before making purchases

Executor / Trustee Information Brochure

What are people saying about your business online? 72% of U.S. consumers said they research companies through social channels before making purchases

Living Trust for Everyone

By, Ronald Sharp

Why a ill is not the way to avoid probate, protect heirs and settle estates.

This 2nd Edition - is the faq's & appendix that provides you forms and letters. This is the supplemental to the book.

Trust, Statutory vs Non Statutory

This document explains the nuances of common law trusts versus statutory trusts, emphasizing the autonomy and protection common law trusts offer from state regulation and taxation. It outlines their uses for asset protection, privacy, business operations, and generational wealth preservation, stressing the importance of choosing irrevocable trusts for maximum security and the critical role of professional trust administration to avoid legal pitfalls. The text critiques the government and financial institutions' skepticism towards common law trusts, advocating for informed decision-making and professional guidance in trust establishment and management.

Extended Resources

The history of trusts spans over 2,000 years, originating in Roman times to circumvent inheritance restrictions, then evolving in England to address land transfer issues under feudal law. This legal innovation allowed for the protection and succession of property, expanding rights and providing a means to manage wealth across generations. Trusts have adapted over centuries, influencing business structures and estate planning, demonstrating their enduring utility and flexibility in both personal and commercial contexts. For a detailed exploration, click on the above link.

Comprehensive Financial Planning

Highlight your comprehensive financial planning services, which involve a holistic assessment of a client's financial situation. Describe how you work closely with clients to set financial goals, create personalized financial plans, and provide ongoing guidance to help them achieve their objectives. Mention areas you cover, such as retirement planning, investment management, tax planning, and estate planning.

Investment Management

Promote your investment management services, where you assist clients in building and managing investment portfolios aligned with their financial goals and risk tolerance. Explain your approach to asset allocation, portfolio diversification, and investment strategies tailored to individual needs.

Retirement Planning

Emphasize your retirement planning services. Describe how you help clients plan for a secure and comfortable retirement by assessing their retirement goals, estimating retirement income needs, and creating strategies for retirement savings and withdrawals. Highlight your expertise in optimizing retirement accounts, such as 401(k)s and IRAs.

Estate Planning and Wealth Transfer

Showcase your estate planning and wealth transfer services. Explain how you assist clients in preserving and transferring their wealth efficiently to heirs and beneficiaries while minimizing estate taxes. Describe strategies for creating wills, trusts, and legacy plans tailored to their unique circumstances.

What Are Our Customers Saying ?

I can't thank [Your Company Name] enough for their unwavering support and expert guidance. When my husband and I faced a sudden financial crisis, we didn't know where to turn. They were there for us, day and night, helping us make sound decisions.


I've been a client of [Your Company Name] for years, and I can confidently say they've transformed my financial outlook. Their 24/7 services have allowed me to seize investment opportunities at the right moment and navigate market turbulence with ease.


Get In Touch