Probate and Living Trust Asset Transfers

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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
You empower trustee to transfer assets to heirs
ASSETS
REQUIRING PROBATE
ESTATE
FOR HEIRS
REQUIRING
LIVING TRUST ESTATE