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