WILL
INHERITANCE
Disadvantages of Probate
| TRUST
INHERITANCE
Advantages of A Trust
|
| WILL | TRUST |
 | 1. Probated by Court |  | 1. No
Probate |
| PROBATE | 2.
Inexpensive |
 | 2. Costly
Probate | 3. No
Delays |
3. Delays
9 Months to 2 Years | 4. Total
Privacy |
| 4. Public
Records | 5. Total
Control of Assets |
5. Loss of Control of Assets to Court | 6. Difficult to Contest |
| 6. Easy to
Contest | 7. Avoids
Probate in all States |
| IRS | 8. Avoids
Conservatorship |
| | 7. Multiple Estate Probate
8. No
Protection from
Conservatorship | 9. Can Save
Federal Estate Taxes
(A-B Trust) |
| HEIRS | HEIRS |
| |
| Note: This is not to be
construed as legal or tax advice. You should consult an attorney or
accountant for such advice. |
