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You’re correct about a major difference between a will and a trust: A will goes through probate after you die, so it becomes public record and can be more easily contested. A trust doesn’t go ...
A living trust, meanwhile, is not subject to probate in Florida. Any assets that you leave in a trust can be transferred to the trust beneficiaries upon your death, according to the terms that you ...
Estate planning is critical to preserving generational wealth. For many families, a living trust can streamline the process of transferring wealth after you die by eliminating probate and ...
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The trustees should administer the trust for the sole benefit of the beneficiaries, against all others who might seek to benefit or profit from trust assets. [54] The first cardinal principle is that the trustee should not personally profit from any transactions that occur with respect to trust property.
As part of that process, a will becomes a matter of public record. And the idea of any old person being able to look up details of my family's finances bugs the heck out of me.
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