A word from Legally Mine on Trusts

This is some good information as well.  If you want to learn more you can always call Legally Mine’s Trust specialists (there is no fee for calling) and they can answer you questions – 800-375-2453

Wealth Legally Protected:

Legally Mine –

Revocable living trusts (also sometimes called Intervivos Trusts) are used principally to avoid the process of probate and to avoid/decrease estate taxes through the use of both marital deductions and bypass trust provisions {which are sometimes referred to as the “A” and “B” trusts). A living trust provides for a private, systematic distribution of your assets upon your death and also allows someone you have designated to manage your assets if you become incapacitated and can’t handle your own affairs. Living trusts provide only limited asset protection and offer no income tax advantages. The limited asset protection lies in the fact that a husbands living trust may be seized by his judgment creditors. But, generally, the assets in his wife’s timely separate living trust are immune from the husbands judgment creditors. The exception to this general rule is often seen where assets are transferred to the wife’s…

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