Have you considered what to do after you get a Revocable Living Trust? If you are like most people who have estate plans, than you probably do have a Revocable Living Trust. However, you need to have a plan in place for what comes next. Just getting the Trust itself does not do anything unless you follow through with a more complete plan. The first thing you need to do is to fund the Trust. You need to transfer your assets to the Trust. The attorney who drafted the Trust for you probably told … [Read more...] about After Getting a Trust
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?
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