There are many ads for living trusts. People do not understand them and recognize their value. They know only one thing and that is about avoiding probate. It is a good idea because in most states the probate number is very low. The value of a living trust is more that just a document for when you pass. Most include a Durable Power of Attorney which is primarily for handling money should something happen to you and an Advanced Health Care Directive if you are suddenly ill. As anyone who reads my blog knows, I am a paralegal. Our living trusts include a Will, Certification of Trust, the Powers for money and health and even the HIPAA. Of course many individuals change their living trusts a few or even several times over the years. When I say change their trusts that frequently includes all the documents. What occasionally happens is a family fight, a relative moves away, gets into trouble, or borrows too much from the Trustor and then they know that person is unreliable. In my book “Misplaced Trust” there are families who believe they are putting the right person in charge as Successor Trustee, but there are individuals who suddenly become the wrong person and it is too late then. Just recently a mother passed and put one son in charge. The other son had some health issues and both of his sons had been in jail. The son in charge decided that only his wife and son would be the individuals to inherit the estate. He worked it, not through us, to switch everything and put his brother in a home. He then had a special needs trust prepared so he could give him money and did pay for the facility. Once the brother was in care he deteriated rapidly and passed. His sons received nothing. That is just one example as there are many more that are so much worse. It is an easy download in e-book form. The Good Gus series were my original books now in e-book and paperback form. The Good Gus Series is available online at Kindle, Nook and Waterstones. Hard copies, personally autographed, are available through our website www.goodgusbooks.com along with past blogs for your reading enjoyment. Now available audio and videos for the Good Gus series on YouTube! Digitizing for all the books are available now on YouTube! “Misplaced Trust” is now available on Amazon in e-book form. It is also available digitally at www.misplacedtrustbook.com. If you are thinking of a Will or a Living Trust, “Misplaced Trust” with a five star rating on Amazon will give you the information you need to make an informed decision.
Living Trust
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Aug