Currents Magazine June 2016 Currents June 2016 | Page 14

14 Currents June 2016 > continued from page 13 fees and costs. Some people choose to avoid probate by putting Prices subject to change FRI. their intended beneficiary of property on a Deed, TUES. WED. THUR. without notice SAT. either as a joint owner or in what is commonly SHAMPOO, SET or BLOW STYLE.....$15.00 $15.00 $16.00 $18.00 HAIRCUT.........................................$14.00 $14.00 $15.00 $16.00 referred to as a “Life Estate Deed.” AND TOUCH-UP SINGLE PROCESS.........$22.00 $22.00 $22.00 $22.00 UP However, there are numerous potential risks in putting someone else's name on the Deed, including MANICURES .....$11.00 Tue. & Wed. Special problems which arise if that person dies before you, PEDICURES ......$17.00 Mani/Pedi Combo $25.00 dies with you in a common accident, or you later FULL SET NAILS, GEL $30.00 and Up FILLS $15.00 decide to remove that person from the Deed. One POLISH CHANGE $6.00 of the advantages of a Revocable Living Trust is that 6884 W. Atlantic Blvd. — 954-973-6615 it allows you to create an Amendment to the Trust at Atlantic Plaza Shopping Center — Ad expires 06/30/2016 any time during your lifetime without having to ESTABLISHED AT THE SAME LOCATION FOR 31 YEARS change the Deed. Once you have the Revocable LivREFERENCE PRICE LIST NOUS PARLONS FRANCAIS ing Trust created, you can also buy additional property in the name of the Trust at any time, either in Florida or out of state. The Trust which we prepare also provides that your Successor Trustee (the person or persons you designate to administer the Trust after you pass away) can also take over managing the assets of your From Trust if you become legally incapacitated. Legal incapacity is defined in the Trust document with language that requires a written statement from two medical doctors indicating that you are not able to carry on your legal affairs. Our Hours The language allows your Mon.-Fr. 12:00-10:00pm Successor Trustee to take over Sat. 4:00-10:00pm without a Court Order, but still Sun. Closed provides you the protection of NEW BAKERY requiring written statements from NOW OPEN two doctors. In addition, it is much more difficult to contest a Revocable Living Trust than a Will. Your Successor Trustee can sell your properties and make distributions very quickly following your death, whereas the probate process CALL FOR TAKE OUT SPECIALS • $6 PER PLATE required for a Will can take nine Delivery Coming Soon • Inquire at Restaurant months to a year. This delay will result in additional costs to your heirs to maintain the property. This article provides a general summary of some of the differ- Happy Father’s Day Currents continued on page 15 >