Living Trust for Life Plus 21 Years After.

LIVING TRUST FOR LIFE PLUS 21 YEARS AFTER

Much has been said and written about this not so well understood legal topic "Living Trust", as it is publicly known. Nonetheless, a "Living Trust" created by a property owner is a creature for "life in being plus 21 years" (after life), as written by famous jurist and legal scholar George Bogert in his book "The Law of Trusts". It is so shocking to see owners of real properties and most wealthy people being duped into writing a "Will" instead of a "Trust". What difference does it make, and why so much confusion over this topic of "living Trust"?

1. What difference does it make?

A "Will" or "My Last Will and Testament" (as a properly titled document) is SUBJECT to and admissible into a "Probate Court". What does it mean to your heirs? Your heirs will have to wait some years to receive their "inheritance" after the "Probate Court" signs the final decree. In the interim, your probate (specialist) lawyer will accumulate lots of hours of work (their work is not an easy one, I should ad here); and at $200/hr, he/she will be paid lots of money from the "decedent's estate" (but remember, their work is hard and well deserving of their pay). So then by the time probate judge signs the decree, your parents/loved one's estate (i.e. decedent's estate) could incur as much as 40% of the estate's value. Translated in dollars, it could mean as much as 50 times (or more) the amount you would have paid for the creation of a "Living Trust". If I knew that such a deal awaits my heirs/loved ones, I would create a Living Trust at once! And, by the way, I did it some time ago. Now, I do not have to worry about my loved ones that they will have to pay dearly in order to receive their inheritance. They will get it privately (not publicly via the Court's docket) and in its entirety. My own signature will NOT be needed to "transfer" my property to them. The Trust has already accomplished that. It is done privately without the need of a "Will" or "My last Will and Testament" (as Mr. Elvis Pressley's lawyer did it for him). Oh, and this was shocking to me, when I was reading about his "Will"...his (princess) dauther waited some 15 years to receive her inheritance of $2 millions out of some $20 millions Mr. Pressley's estate was at the time it was admitted to the probate court in his jurisdiction! Think about it, seriously! If you want to read more about this topic and understand more about living Trust, go here: www.legalconsultings.com

2. Why so much confusion over the "Living Trust" topic?

A lot of people did not really consult with a (specialist) Trust lawyer. There are lots of (specialists) Trust lawyers both locally and "virtually". You simply need to reach out to them and set up an appointment for "living Trust" consultation. Of course, you may have to pay him/her for the consultation. In one hour, the specialist Trust lawyer should be able to present a pretty good picture of the difference between a "Will" and a "Trust". Anyways, be sure to ask for a brochure on living Trust, or any written information needed for your learning that he/she may be able to make it available to you after the consultation. In general, the confusion over the "living Trust" arises from lack of education about this important legal topic! The specialist Trust lawyer should be able to dispel the confusion during the time of consultation. I have researched the Trust law, and written some 20 pages on the "living Trust" topic. Now you can understand a lot of things about this elusive topic of "living Trust" by going here: www.legalconsultings.com

If you really want to give your loved ones an estate in its entirety and free of "probate" complications, time consuming (expensive and sometime unreasonable attorney's fees), much worries and possible challenges to the "estate" in the probate court, then you ought to educate yourself (as I did long time ago) beginning with a few hours of consultations at the specialized Trust lawyer's office, and also reading the Trust law which the specialist suggests to you. You may want to consult 2-3 Trust law specialists in order to gain a better understanding. After that time, you are ready to create your "living Trust" which will be a "blessing" to your heirs! Immagine your heirs or loved ones not having to put up with a "Will" going through the probate Court's complicated (and brain busting) process of years, expensive attorney's fees, potential challenges to the estate, potential appellate processes, and the like, in order to "deliver" for your heirs! You can have a "Living Trust" for a fraction of the costs involved in a "pr