Tag Archives: Probate
Living Trust and Probate
A living trust may allow a couple to effectively double the basic estate tax exemption ($1,000,000 in 2002, doubled to $2 million). For estates totaling over $2,000,000 this saves over $435,000 in death taxes. If you have a typical will … Continue reading
WHAT IS PROBATE?
WHAT IS PROBATE? Probate is a court-supervised transfer of your property to your heirs. Many people mistakenly think that having a Will avoids probate. The opposite is generally true. Having only a will almost guarantees that your assets will have … Continue reading
