Kimmer W. Callahan Estate Planning Law Blog on Lawyers.com

Who do you want to control your Estate?

Monday, June 13, 2011 by Kimmer W. Callahan

Photo of Kimmer W. Callahan
 







When you use a Will to pass your property, the probate
system takes control over all of your assets.  This means that the court system, not your family or heirs,
is in charge of your assets until they are distributed (an average of 12
months).  That translates basically
into a year of lawyers, bureaucratic paper shuffling, court procedures, court
permissions and approvals, etc.-- all before the estate is distributed and your
assets get to whom you intended. 
Listing all the requirements, processes, duties, and filings would be
overwhelming.  Such a complicated
process, of course, generally requires an attorney.



 



When you utilize a Living Trust (Family Trust) there is no loss of control to an impersonal government process.  You designate ahead of time who you
want to be in control and in charge – typically a spouse, child, or friend.  Upon your death or incapacity, such
person is immediately vested with the power to manage your estate with the
legally binding requirement to carry out your wishes and instructions.  This puts control where it belongs –
with the person of your choice – not the whims of the court.  It facilitates an immediate, uninterrupted,
and smooth transition in the management and control of the assets.

Call now for your free,
no-obligation consultation – 208.664.9228.



Callahan & Associates, Chtd.



By Kimmer W. Callahan



Attorney at Law



www.IdahoEstateLaw.com



Provided as an
educational service of Callahan & Associates, Chtd.

 
Posted at 12:47 PM
Topic: Estate Planning
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