More examples in Estate Planning/Transfer of Assets
Probate and Living Trust Asset Transfers Example
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Text in this example:
PROBATE
TRANSFERS
No asset transfers during life LIVING TRUST
You transfer assets to trustee during lifetime Death
Court empowers executor (personal representative)
to transfer assets to heirs Death
You empower trustee to transfer assets to heirs ASSETS
REQUIRING PROBATE PROBATE
ESTATE FOR HEIRS ASSETS
REQUIRING
PROBATE LIVING TRUST ESTATE FOR HEIRS
TRANSFERS
No asset transfers during life LIVING TRUST
You transfer assets to trustee during lifetime Death
Court empowers executor (personal representative)
to transfer assets to heirs Death
You empower trustee to transfer assets to heirs ASSETS
REQUIRING PROBATE PROBATE
ESTATE FOR HEIRS ASSETS
REQUIRING
PROBATE LIVING TRUST ESTATE FOR HEIRS