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Revocable Trust

Estate Planning Gone Wrong

A Revocable Living Trust is often used to complement a Will. Rather than only having a Will, the Revocable Trust generally avoids the expensive and costly Probate process. In Florida the fee the Florida Legislature has deemed as reasonable is 3% of the total estate.  The Revocable Living Trust also generally protects the assets from most creditors of the estate. A Revocable Living Trust enables your beneficiaries to receive your assets sparing any complications. However, if the Revocable Living Trust is not properly funded, then it would not do any good. Funding the trust is simply the process of transferring assets to it....

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