Probate, and Living Trust Asset Transfer Comparison

Probate, and Living Trust Asset Transfer Comparison

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Text in this Example:

Probate Transfer
Living Trust Transfer
Assets Requiring Probate
Death
Probate Estate
For Heirs
Living Trust Estate
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

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