Posted by Avvo Staff.
A revocable trust is a type of written, legal agreement in which a person gives control of assets (money, real estate, personal possessions, etc.) to another person or institution. It is called a... more
Posted by attorney Cheryl David.
Often a trust which doesn't have title to legal assets transferred (funded) to the trust name won't avoid probate.
Posted by attorney Keenan Post.
When you create your revocable trust only half of the job is complete, the most important part, or an equally important part, of a good estate plan involving a trust is making sure you transfer all... more
Posted by attorney Brendan Daly.
Relevant Estate, Gift and Generation Skipping Tax Provisions of The Economic Growth and Tax Relief Reconciliation Act of 2001 and The Tax Relief, Unemployment Insurance Reauthorization and Job... more
Posted by attorney Brenda Geiger.
(1) Your estate is probably guaranteed to go through the Probate Court (even if you have a will--wills go through the probate process). (2) With a Probate, your cost will be 5X as much as trust... more
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