12
July 2016
Currents
Same location for 19 years • “S. FL’s finest & friendliest PGA/LPGA Instruction right in your back yard”.
By: Martin Zevin, P.A.
Consider Co-Trustee For
Your Revocable Living
Trust
A Revocable Living Trust is an
excellent legal means to avoid
probate on your home and
other property. It allows your
heirs to inherit your property
without Court intervention and
considerably faster than would
occur in probate.
The Revocable Living Trust can
be useful not only when you die,
but if you become incapacitated.
Many people mistakenly assume
that a Durable Power of Attorney
will cover any assets that are in
the Trust, including a home,
other real estate, brokerage
accounts and bank accounts.
Generally, this is not true. Most
Revocable Living Trust documents
include
specific
paragraphs
regarding disability. Typically,
this legal language requires that
two doctors state in writing that
the Trustee is unable to carry on
his legal affairs. In these situations, the Successor Trustee (typically a son or daughter) will need
to get written statements from
two doctors and then go through
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