On Apr 28, 10:58 am, Don <dwz...@[EMAIL PROTECTED]
> wrote:
> On 2008-04-28 02:05:40 -0700, PeterL <po.n...@[EMAIL PROTECTED]
> said:
>
> > Isn't part of the process of establi****ng a revocable trust the
> > transfer of assets into that trust? When I had mine done the lawyer
> > who did it also helped me transfer my assets into the trust. It's
> > part of the whole package of service.
>
> I believe one of the problems is that people forget to transfer
> something into the trust or some years later acquire a new asset and
> forget to put it in the trust. Then it turns out probate is necessary
> after all.
I suppose that happens. For just an eventuality, my trust package
includes a "pour over" will, which directs that all non-trust property
be put into the trust. Probate would be necessary, but only for the
non-trust property. The rest of my estate would not be tied up by the
probate court while that property was probated.
Dave
--------------------------------------
Misc.invest.financial-plan is a moderated newsgroup where Moderators
strive
to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
which we respond. For all of the other tips and suggestions, see "FROM
THE
MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on
the
Newsgroup.
|
