Wills, Trusts & Estate Planning

Format: Paperback

Language: English

Format: PDF / Kindle / ePub

Size: 14.92 MB

Downloadable formats: PDF

Sometimes referred to as a "revocable" or "Inter vivos" Trust, this instrument creates a separate entity with specific and very individualized rules for its operation. Since the approach taken will depend on your personal situation, we suggest that you consult with your accountant, your lawyer or other appropriate expert in financial and estate planning. In the past you would likely bequeath R3.5m of your estate to a trust, and then the balance of your estate to your existing spouse. Estates worth more than $100,000 are usually subject to probate under state law, and the probate process typically ends up costing 2 to 4 percent of the estate's total value.

Pages: 124

Publisher: Top Books (February 21, 2001)

ISBN: 0970368445

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