On Apr 28, 9:23 am, Mark Bole <ma...@[EMAIL PROTECTED]
> wrote:
> Don 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.
>
> One way to look at it is, only assets that one would need to sell need
> to be in a living trust, for example real estate, or stocks not in a
> retirement account. Cash and retirement accounts (IRAs, annuities) can
> have beneficiary designations which avoid probate, instead of being in a
> trust.
IRA accts cannot be in a trust because they must be owned by an
individual, cannot be owned by a trust.
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