Real Property Questions and Answers (Borrowing Is

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Any assets titled in your name or directed by your will must go through your state’s probate process before they can be distributed to your heirs. (If you own property in other states, your family will probably face multiple probates, each one according to the laws in that state.) The process varies greatly from state to state, but it can become expensive with legal fees, executor fees, and court costs. The essence of a discretionary trust is that the trustee cannot be compelled to pay anything to a beneficiary–that any payment of either income or capital, is completely within the discretion of the trustee.

Pages: 21

Publisher: Value Bar Prep Books (Author), The Cornerstone (Editor), Norma's Big law books - Ivy Black letter law books (Author); - Black and Minority Bar and edition (May 17, 2014)


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