Page 31 - Ultimate Guide to Estate Planning

doing a good job and doing the right thing. They
want to accurately verify values of the property
being disposed of and follow the intentions of

the testator expressed in the will You can
bypass that delay associated with the judge’s
review by doing a revocable living trust. You do
that by designating who your trustee is going
to be, normally, someone you know personally
who is known to be trustworthy and likely to

carry out your wishes as you’ve “outlined” or
“stated” them.

It is clear the benefits of a higher front-end

expense with a revocable living trust far
surpass the front-end savings of a will-based
plan , in most cases, when it comes to the
actual probate costs, expenses and delays.

The revocable living trust will come alive

during your period of incapacity or disability
so that you can avoid conservatorship
proceedings. In other words, if you are
involved in an accident which renders you no

longer capable of making important decisions,
a revocable living trust can provide a method
to determine whether or not you are
incapacitated or disabled. It can even provide

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