b'YOUR TOOLKIT FOR BUILDING EXCELLENCE3. It is an invasion of privacy. Your entire estateDoes a Revocable Living Trust Have Tax will become a matter of public record duringBenefits? the probate process. Anyone can go to theA Living Trust provides no income tax savings, courthouse and learn what assets are in theand for income tax purposes, it is as if it does estate, their value, and to whom the assetsnot exist. However, if the size of your estate are to be distributed. There are instances ofis above the amount exempted from estate dishonest people searching probate recordstaxes, the trust can be structured to reduce or to find assets they can take. eliminate estate taxes.How Do I Set Up an Effective Estate Plan?ConclusionThe key document to an effective estate planThe vast majority of Americans do not have an is a revocable living trust.Arevocable SETTINGUPeffective estate plan in place when they die, and living trust enablesby default, subject their heirs to the frustrations you to avoid probate,ANEFFECTIVEand costs of probate. Setting up a revocable ke epyourest ateESTATE PLAN ISliving trust enables you to pass assets to your private, and reduce orONE OF THE MOSTheirs efficiently, and is one of the most loving eliminate estate taxes.LOVING THINGSthings you can do for your family.YOU CAN DO FOR It also ensures yourYOUR FAMILY.May your holidays be f illed with joy, warmth, assets quickly transfer according to your wishes upon your death.and cherished moments with family. With a revocable living trust, no court actionWe are thankful for your continued business and look forWard to building stronger relationships is involved, and the property is distributedin the neW year!privately. Other documents frequently used in conjunction with a revocable living trust include a living will, medical power of attorney, durable power of attorney, and irrevocable life insurance trust.Why Do Some Attorneys Recommend a Will?Many attorneys recommend their clients create a will without a living trust. This ensures the estate will go through probate. Why? Because attorneys do not always have their clients best interest in mind. The attorney wants to collect the legal fees associated with probate, and, in some states, the attorney receives a percentage of all the assets that go through probate. The only person that benefits from your estate going through probate is the attorney.IN717.866.6581 MANUFACTURERS of C.www.rigidply.com LAMINATED TIMBERSand WOOD TRUSSES FRAME BUILDER - VOL62 / 13'