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Living Trusts by Mind Map: Living Trusts
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Living Trusts

Private, Avoids Probate, Protects against a Disability

Wills

Guarantee Probate

Problems

Good things

Probate

What causes Probate?

What avoids Probate?

Fees

Delay

Forum for Disgruntled Heirs

Living Trust Benefits

Pros:

Cons

Inheritance Tax Freebie Amount

Uncertain at Best

2006 $2.0 million

2009 $3.5 million

2010 Unlimited

2011 Back to $1.0 million

Types of Trusts

Two Living Trusts Married Couple

1 Trust for Married Couple

Single Trust Divorced, Widowed Single