ALL I NEED IS A WILL, RIGHT?
All likewise ofttimes I am asked this discourse at seminars or in salutation to my production ads
qualifying to Estate Planning. The Questioners hit a veritable anxiety for their families and a graphic move to life. Those who change to communicate this discourse yield their ordain in the safekeeping of someone in a black clothe in a Probate Court with costs and fees to be paying by their families.
By the way, the respond to the discourse above is NO! A Will is meet a one-way listing to Probate Court. Although Probate Court is more streamlined than before, you module ease incur professional fees, suite fees, listing fees, and belike not rank the Probate impact
within a year.
There is a meliorate way. It is titled a Revocable Living Trust. Revocable actually effectuation astatic in this context. I undergo whatever of you conceive that a Trust is exclusive for the rich, but that is not genuine today. A recent Trust is for everybody with a bag and overmodest assets. It is inexpensive, (a aggregation inferior than Probate Court), private, and apace transfers your assets to your idolized ones. By the way, with a Trust, there is no Income Tax, no Inheritance Tax, and no Capital Gains Tax.
A Revocable Living Trust is meet digit characteristic of an Estate Plan that crapper support protect you and your kinsfolk today and in the forthcoming from the uncertainties of life. I hit been serving Clients for 25 eld attain digit goal: Peace of Mind.
REN BENCZKOWSKI is an Attorney at Law for the concern Estate Planning Legal Services, P.C., settled at 2565 W. Maple Road, Troy, Newmarket 48084. On the web: http://www.eplspc.com. Send your Estate Planning & Living Trust questions to questions@eplspc.com. Or call Ren at (248) 435-0400.
