Living Trusts Archives - About Estate Planning https://aboutestateplanning.com/tag/living-trusts/ Knollmiller & Arenofsky, LLP Wed, 28 Feb 2018 11:00:20 +0000 en-US hourly 1 What Happens If You Die Without a Will? https://aboutestateplanning.com/happens-die-without-will/ Fri, 27 Dec 2013 09:40:24 +0000 http://aboutestateplanning.com/?p=1063 This was a column in a local paper that got me thinking that this is actually a very commonly asked question. First, it doesn’t all go the State. It may but this is very unlikely. Basically, the State of Arizona has written a Will for you if you fail to… Read More

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]]> “I thought a trust avoided probate!” https://aboutestateplanning.com/thought-trust-avoided-probate/ Fri, 13 Dec 2013 09:50:42 +0000 http://aboutestateplanning.com/?p=1068 This question usually gets asked by the family after a loved one has died and they are told they have to go through probate. How did this happen? Yes, one of the benefits of a revocable trust is avoiding probate. The explanation everyone has heard is because the assets are… Read More

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]]> Advantages vs. Disadvantages of a Revocable Trust https://aboutestateplanning.com/advantages-vs-disadvantages-revocable-trust/ Wed, 13 Nov 2013 10:13:56 +0000 http://aboutestateplanning.com/?p=1072 Advantages of a Revocable Living Trust Avoidance of probate. In particular, a revocable living trust can avoid expensive multiple probate proceedings when you own real estate in several different states, as well as the publication of the otherwise private financial details of your estate. Avoidance of conservatorship. A revocable trust can avoid… Read More

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]]> Recent Trends Part III https://aboutestateplanning.com/recent-trends-part-iii/ Tue, 29 Oct 2013 10:24:20 +0000 http://aboutestateplanning.com/?p=1077 Another trend in living trust and estate planning is less concern about probate and more concern about possible incapacity. The “typical” client 20 years ago was very concerned about ending up in probate after their passing. I am not sure if this came from all the advertised estate planning seminars that used this to scare people into… Read More

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]]> Trends in Living Trusts Part II https://aboutestateplanning.com/trends-living-trusts-part-ii/ Thu, 24 Oct 2013 10:33:12 +0000 http://aboutestateplanning.com/?p=1079 Another trend in Living Trusts, or better said, Estate Planning, are IRA Qualified Trusts. Very often a individual does not want to leave a large IRA to their children or other heirs. The concern is they will cash it in and pay the large tax bill that will surely come when the IRA is… Read More

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