The AB Living Trust Saves Taxes

"Some people must consider federal estate tax when planning their finances. The estate tax occurs when someone dies owning a very large amount of property. Current figures for the estate tax exemption, which depend on the year of death, are as follows...
 
... Consider creating a living trust if you expect that your estate or that of you and your spouse may owe the tax. A living trust has two advantages: ..."

Try to Avoid Probate

"First of all, what is probate? Weve heard various things about probate and we are pretty sure that it deals with court matters that involve our property. We generally know that probate is something that happens after we die and its a negative experience because it is expensive and it takes a lot of time. True, the two main problems with probate are that it can take up to a year to accomplish its own goals (not ours) and it is an expensive purchase of attorney advice and court costs when it may not be necessary at all. ..."
 
To help reduce the cost of probate, it is possible to study the extensive volume of ...

Problems Solved by Estate Planning

"A living trust can solve many of the problems encountered in estate planning. Listed below are some of the situations helped by careful estate planning: ...
 
... Probate Problems. Try to avoid probate because it can be a time-consuming and expensive process for your heirs.
 
Joint Tenancy Ownership Problems. ... when one joint owner dies, the surviving joint owner or owners will automatically receive your interest in the property without probate ..."

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