New-Old Topic.Posted: March 13, 2012
I talked with a former client today, and he/she determined that the best estate planning tool was a revocable trust.
I have blogged about that, and I believe pros and cons exist in that estate planning strategy.
The pros? You avoid probate and the expense associated with probate.
The cons? Creditor “cut-offs” and the funding of trusts over time can create difficulties.
Just realize the pros and cons–and consult an astute planner (e.g. accountant, attorney, or financial planner) to help you out.
I type this topic over and over because I see the pitfalls over and over.
But let’s get onto some Top Plays From The Last 25 Years Of The NFL: