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  Msg # 45 of 1396 on ZZCA4365, Monday 7-14-24, 8:49  
  From: HUBERT TROTMAN  
  To: ALL  
  Subj: OT-The Living Trust  
 From: post@seicomstars.com 
  
  Using a little foresight, let's say, you've written a 
  will to distribute your assets to your children after 
  your death and now you're feeling pretty secure 
  that you've safeguarded your children's inheritance. 
  But this may be a false peace of mind. You may be 
  leaving for your children months, even years, of 
  agony in probate court, whopping attorney's fees, 
  hassles with court officials and emotional anxiety 
  of waiting for their inheritances. Surprisingly, 
  there's a simple solution to this problem and a 
  growing number of people are taking advantage of it. 
  
  Revocable Living Trust 
  
  Like many Americans, Jane learned the value of a 
  revocable living trust firsthand, but paid a heavy 
  price for it. When her father died four years ago, he 
  left his business, family residence, a vacation home 
  in Arizona and other assets to her. Fortunately, he 
  had left a will and at first it seemed everything would 
  go smoothly. But the problems started cropping up 
  almost immediately. Although Jane, an accountant by 
  profession, was named the executor and sole 
  beneficiary of the estate, she had to hire an attorney 
  to probate the will. She was fairly familiar with her 
  father's financial affairs but, when it came to probate, 
  there was very little she could do to expedite the 
  process. It seemed like the court and attorneys were 
  getting involved in every decision. Finally, the probate 
  was over more than two years later but took a heavy 
  financial and emotional toll on Jane. The once-thriving 
  business was pretty much ruined. 
  
  After this experience, it did not take much to persuade 
  Jane and her husband to set up a revocable living trust. 
  All of their assets were transferred to the trust, with 
  both of them acting as trustees. Because the trust is 
  revocable, they can change its terms, or even cancel 
  it at any time. When one of them dies, the surviving 
  spouse will continue to act as trustee and control and 
  manage their assets. In the event of incapacity or 
  incompetence, the living trust will allow them to avoid 
  lengthy and costly guardianship and conservatorship 
  court proceedings. As Jane put it, "I want everything 
  to be as easy as possible for my kids if something 
  happened to me. I wouldn't want them to go through 
  what I did with my father's estate." 
  
  To continue reading this report, 
  : 
  Click Here: 
  http://seicomstars.com/trust/more_sections.htm 
  
  Hubert Trotman 
  post-NOSPAM@seicomstars.com 
  
 --- 
 MAF Anti-Spam ID: 20031010090600G9p2EoL1 
  
 --- SoupGate-Win32 v1.05 
  * Origin: you cannot sedate... all the things you hate (1:229/2) 

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