Comments on: Estate/Trust Administration- What’s Involved When Someone Dies

By: Anderson

Anderson — Mon, 04 Jan 2010 15:39:02 +0000

A person’s estate consists of all of his or her property and possesions, including bank accounts, real estate, life insurance policies, pensions and death benefits. Often, a probate, the court supervise, process this identifying, gathering and distributing a person’s death in two ways: wills and trusts. The two differs in the distribution process. The wills undergo certain due process that may take longer while the latter is handled privately and may take lesser time. On the other hand, the will may take much expense than the trusts for it will involve a probate to undergo this planning and distributing while it is still on the process. But all in all, both two processes has one aim and that is to carry out the estate of the deceased.

By: Anderson

Anderson — Sat, 02 Jan 2010 16:02:01 +0000

A person’s estate consists of all of his or her property and possessions, including bank accounts, real estate, life insurance policies, pensions and death benefits. Often, a probate, the court supervise, process this identifying, gathering and distributing a person’s death in two ways: wills and trusts. The two differs in the distribution process. The wills undergo certain due process that may take longer while the latter is handled privately and may take lesser time. On the other hand, the will may take much expense than the trusts for it will involve a probate to undergo this planning and distributing while it is still on the process. But all in all, both two processes has one aim and that is to carry out the estate of the deceased.

By: lastwill

lastwill — Tue, 10 Nov 2009 19:52:44 +0000

Another item to consider in evaluating revocable trust versus a last will that shall require probate is the potential for a dispute by an heir against the estate. A probate proceeding sends notice to heirs, vests them with certain rights in the proceeding, and essentially invites them to file a dispute (if they have any). It’s a ready made forum heir who may have a litigious bent. The trust is much different. There are disclosure requirements in most states that the trustee must follow but that about the extent of the beneficiary involvement in administration of the trust. A beneficiary has to take the initiative by filing a lawsuit against the trust.

By: carrol@digital photography

carrol@digital photography — Fri, 24 Jul 2009 13:18:59 +0000

I like the fact a estate trust does not have probate and it is not public. The time it takes for probate makes a estate trust worth the money and if people like it not to be public it makes even more sense.

By: cheap@web hosting

cheap@web hosting — Thu, 25 Jun 2009 13:34:00 +0000

I heard that executior gets more money for handling the estate. Not sure how it would work with a trust they might get larger percent for handling it also. A trust sounds like best way to make sure the people you want get what you want.

By: Best etf funds lit

Best etf funds lit — Wed, 29 Apr 2009 14:08:15 +0000

One more advantange to a trust is the money is distributed exactly like the person intended it to be. In probate the person named as executor usualy gets more money because they handle the will and i think get a percent of it before distributing it to other members of the family. I like trusts better because of privacy and less cost and no probate. Best etf funds lits last blog post..Oil etf.