Do you want to get a Revocable Living Trust? Do you need one? These are two of the most common questions that people ask themselves when they are planning their estates because Revocable Living Trusts are very popular estate planning instruments. The answers to the questions are not a simple matter of asking what other people have done, however. Instead, you need to determine what you want to accomplish with your estate plan first. Then, you can answer the questions. If your primary goal in … [Read more...] about Do You Need a Revocable Living Trust?
Trusts
Famous Estates – Legacy Champ or Chump
Harry S. Truman (1884-1972) -- 33RD President of the United States, 1945-1953. 37% Shrinkage of the Estate $747,648 Gross Estate $ 90,986 Less Settlement Costs $188,666 Less Death Taxes $279,652 Total Costs $467,996 Final Estate Value Truman might have been the President of the United States, but even Presidents can fail to properly plan. You decide. Is a 37% loss of the Estate good planning by someone with a vast array of professionals available to assist him? If you … [Read more...] about Famous Estates – Legacy Champ or Chump
