A person with an estate who dies without leaving either a will or a living trust creates a burden for the heirs. All of the estate's assets are immediately frozen and placed in the hands of a probate court, which decides who the heirs are and how much tax will be charged. Here is a complete explanation of how to draw up a living trust.
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A person with an estate who dies without leaving either a will or a living trust creates a burden for the heirs. All of the estate's assets are immediately frozen and placed in the hands of a probate court, which decides who the heirs are and how much tax will be charged. Here is a complete explanation of how to draw up a living trust.
Read Less
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