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Living Trust Offers: How to Make Sure They are
Trust Worthy
Part 1
by Phil Craig
© Phil Craig, All Rights Reserved
http://www.LivingTrustSecrets.com
You've worked hard for your money, and made every
attempt to be a conscientious saver. So it's only
natural that you want some control over what happens
to your assets in the event of your death.
At the very least, you probably want to minimize or
avoid potential hassles and headaches for your loved
ones.
One aspect of estate planning deals with what happens
to your assets after you die (the other deals with
your assets and care should you become unable to care
for yourself… "incapacitated").
This article will focus on the estate planning in the
event of death.
Even if you are a person of modest means, you have an
estate - and several strategies to choose from to make
sure that your assets are distributed as you wish and
in a timely way.
The right strategies depend on your individual
circumstances.
That is, what is best for your neighbor might not
make the most sense for you.
Misinformation and misunderstanding about estate
taxes and the length or complexity of probate provide
the perfect cover for scam artists who have created an
industry out of older people's fears that their estates
could be eaten up by costs or that the distribution of
their assets could be delayed for years.
Some unscrupulous businesses are advertising seminars
on living trusts or sending postcards inviting consumers
to call for in-home appointments to learn whether a living
trust is right for them.
In these cases, it's not uncommon for the salesperson to
exaggerate the benefits or the appropriateness of the
living trust and claim - falsely - that locally-licensed
lawyers will prepare the documents.
Other businesses are advertising living trust "kits":
consumers send money for these do-it-yourself products,
but receive nothing in
return.
Still other businesses are using estate planning services
to gain access to consumers' financial information and to
sell them other financial products, such as insurance
annuities.
What's a consumer to do? It's true that for some people,
a living trust can be a useful and practical tool. But
for others, it can be a waste of money and time.
What is a living trust, anyway, and how does it differ from
a will?
Who should you trust when it comes to estate planning?
And how can you tell which tools and strategies will work
best for your particular circumstances?
We will continue this in our next article…
Good luck and until next time,
Phil Craig
P.S. Did you
know you can search this site or the web for more Living Trust, Wills,
Estate Planning and Probate answers?
Click here!
Phil Craig is a licensed attorney and entreprenuer.
He started practicing law at age 25 in 1979.
He does not take on any more clients, but is
advisor to some of the biggest names in the internet
world. He shares his knowledge gained over the
last 25 years at his Living Trust Secrets newsletter site:
click here=========>http://www.LivingTrustSecrets.com
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