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 >