The Law Offices of Sean W. Scott

SiteMap Back to Start Page


[TRUST CONS]
[INTRODUCTION]
[PLANNING CHALLENGES]
[TECHNIQUES]
[PROBATE ANATOMY]
[TRUST ME]
[TRUST PROS]
[TRUST CONS]
[HOW IT WORKS]
[Dollars and Cents]
[ESTATE TAXES]
[Incapacity Planning]
[Powers of Attorney]
[Health Surrogates]
[The Perfect Plan]
The Trade-Offs

  • Costs more in legal fees than drafting a will.

  • Requires retitling all assets that the trust will hold, which can be tedious and expensive.

  • May require you or your heirs to pay annual fees of 1% to 2% of assets if a professional trustee is used.

  • May leave your trust assets vulnerable to creditors' claims longer than a will does. (However this may be avoided by probating the pour over will which starts the clock running on all creditors.)




NEXT


Start Search Library Support




© Copyright 1996 Sean W. Scott, Esq., All Rights Reserved. Click here for more information.
Technical questions/comments? Contact Tech Support
Editorial questions/comments? Contact Editorial
Advertising/Sponsorship inquiries? Contact Business Virtual Law Office is a legal web site presented by the Law Offices of Sean W. Scott.
Virtual Law Office is not intended to create an attorney client relationship, please see our disclaimer.