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References in periodicals archive ?
Where a federal estate tax return is required with the need to keep the estate open until final clearance of tax matters, the use of a revocable living trust does not always expedite asset distribution.
However, probate still takes place for assets that have not been conveyed to the revocable living trust before death.
The most popular trust is the revocable living trust, which Haught said is commonly used in place of a traditional will.
As stated above, IRC section 6324(a)(2) imposes such liability not only upon the beneficiaries, but also the trustee of any revocable living trust for any property included in the taxable estate under IRC sections 2034--2042.
Tomorrow creates revocable living trusts and wills for individuals and prompts them to begin discussions with the people who would best serve as executors, trustees or guardians for their children.
Marie E Matsen Revocable Living Trust, to Beard Steven E & Renee T; 84691 Laughlin Rd, Eugene; $490,000.
Consider appointing a trustee to manage the child's inheritance as the beneficiary of your revocable living trust until the child comes of legal age.
A revocable living trust avoids the delay of probate proceedings and permits beneficiaries to receive property more quickly.
Solution: If you need help managing your finances, use a revocable living trust or appoint an agent using a durable power of attorney.
Howard Marshall II executed a pour over will and revocable living trust, and titled most of his business assets into the revocable living trust.
REVOCABLE LIVING TRUST (RLT) is a will 34 substitute offering many advantages during lifetime and at death.
Creating a revocable living trust (a means of providing management of your assets during your lifetime)