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Question: What are the advantages of having a Revocable Living Trust if you have an estate worth 3 million?

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Question : What are the advantages of having a Revocable Living Trust if you have an estate worth 3 million?
My estate is worth about 3 million $. What are the consequences of my NOT having a living trust? I have 2 children, one of whom is financially irresponsible. What would happen if I die without a living trust? What are the estate tax laws as of 2007. I live in California. How long would probate take? Thanks........................pj
- asked by pj

All Answers:
Answer #1
Well, the advantages include paying less tax,organization and ease
- answered by Doc

Answer #2
Its best you get advice like this directly from anattorney. Most offer free initial consultations.You can find a good estate planning lawyer inRiverside at the link below. I also put a fewlinks for California Lawyers, Legal Advice, andLegalArticles.
http://www.riverside-san-bernardino-attorneys-lawyers-dui-directory.us/riverside-san-bernardino-probate-estate-law.htm
http://www.riverside-san-bernardino-attorneys-lawyers-dui-directory.us/riverside-san-bernardino-legal-services.htm
http://www.sandiegolawyerforyou.com/
http://www.california-attorneys-lawyers-dui-legal-advice-directory.us/california-estate-planning-lawyers-and-probabe-attorneys.htm
http://www.california-attorneys-lawyers-dui-legal-advice-directory.us/
http://www.legal-advice-library.info/resources_CA.htm
http://www.legal-advice-library.info/
http://www.legal-advice-library.info/articles.htm
http://www.san-diego-lawyer-attorney-personal-injury-dui-car-immigration.info/san-diego-california-lawyer-legal.htm
http://www.san-diego-lawyer-attorney-personal-injury-dui-car-immigration.info/
- answered by Betty F




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