Re: Revocable Trust

twendzinski@[EMAIL PROTECTED]
 writes:

> My father has established a revocable trust in his name.  Is there an
> advantage to transferring owner****p of his assets to the trust over
> leaving the him as the owner and naming the trust as the beneficiary?
> The latter seems to be less work.

Mainly, avoiding probate.  Advantages in that are *not*
tax-related, but rather simplicity and privacy related.

It's especially helpful for title to a piece of real
property which is not in the same state (saves executor
from having to do probate in a second state), and for
immediate access to and use of property (investments,
cash).

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