Talk of The Villages Florida - View Single Post - Do We need a "Trust"?
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Old 12-23-2021, 12:15 PM
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Quote:
Originally Posted by vintageogauge View Post
There is a lot more to a trust than just the transferring of assets. If something happens to you as a trustee the successor trustee simply takes over and continues as always handling affairs as always. There is asset protection from certain liability claims, protection from yourself if you have diminished mental capacity as it's very easy for the successor to take over, it goes on and on. Most assets can be in the trust and you don't have to update the trust itself, just place your assets in the trust instead of simply your name. There is so much more to it and well worth getting legal advice.
Agree.

Otherwise you can enjoy irritating the people left behind after you die.
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