More examples in Estate Planning/Estate Planning
Probate and Living Trust Basic Estate Asset Transfer Example
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Text in this example:
Probate Transfer Living Trust Transfer Assets Requiring Probate Death Probate Estate For Heirs Assets Requiring Probate Living Trust Estate Death For Heirs No asset transfers during life
Court empowers an executor (personal
representative) to transfer assets to heir Assets transfer to trustee during lifetime
You empower trustee to transfer assets
to heirs
Court empowers an executor (personal
representative) to transfer assets to heir Assets transfer to trustee during lifetime
You empower trustee to transfer assets
to heirs