Friday, November 23, 2007

WHAT IS A LIVING TRUST

WHAT IS A LIVING TRUST
A living trust is a legal document that replaces what you think of as your will. The living trust makes sure your assets go to the people you choose. It also avoids probate upon death or a conservatorship proceeding if you become incapacitated. Moreover, it allows couples to eliminate or reduce taxes. In addition, setting up a trust gives you a complete picture of your assets and compels you to get your "financial house in order" to transfer the assets into the trust.

SHOULD I HAVE A LIVING TRUST?

You should seriously consider a living trust if you either:
• Own your own home or any other real property, or
• Own over $100,000 in investments and other personal property.


WE OFFER A FREE INITIAL CONSULTATION TO ANSWER ANY QUESTIONS YOU MAY HAVE ABOUT LIVING TRUSTS. PLEASE CALL LAW OFFICE of DANIEL R. MORTENSEN AT (661) 799-9225 TO ARRANGE YOUR PERSONAL CONSULTATION.

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