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2. Revocable trust vs. irrevocable trust: key differences - AOL

   www.aol.com/finance/revocable-trust-vs...

   Bypasses probate and can maintain privacy: The trust structure can help heirs move the estate through probate quicker, and the trust can shield the nature of assets from the prying eyes of the ...

3. Don’t Make This Mistake — Create a Trust Instead of a Will

   www.aol.com/don-t-mistake-create-trust-180010051...

   Why use a trust instead of a will? One of the biggest reasons to create a trust is to avoid probate. Your trustee will oversee the assets accordingly. ... An irrevocable trust, however, cannot be ...

4. Estates and Wills: Should You Set Up a Revocable or ... - AOL

   www.aol.com/estates-wills-set-revocable...

   An irrevocable trust takes away your control of your assets. But if you have money or property you plan to hold onto, specifically for your heirs, an irrevocable trust can help protect those assets.

5. Estate planning - Wikipedia

   en.wikipedia.org/wiki/Estate_planning

   If a revocable living trust is used as a part of an estate plan, the key to probate avoidance is ensuring that the living trust is "funded" during the lifetime of the person establishing the trust. After executing a trust agreement, the settlor should ensure that all assets are properly re-registered in the name of the living trust.

6. Trust (law) - Wikipedia

   en.wikipedia.org/wiki/Trust_(law)

   Negative aspects of using a living trust as opposed to a will and probate include upfront legal expenses, the expense of trust administration, and a lack of certain safeguards. The cost of the trust may be 1% of the estate per year versus the one-time probate cost of 1 to 4% for probate, which applies whether or not there is a drafted will .

7. If you want to help your kids bypass probate when you die ...

   www.aol.com/finance/want-help-kids-bypass...

   Living trusts can act as probate-repellent, but some assets need to be kept out. ... Or, create an irrevocable life insurance trust (ILIT) to avoid estate taxes.