The Palm Beach Post from West Palm Beach, Florida on December 4, 1997 · Page 199
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December 4, 1997

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The Palm Beach Post from West Palm Beach, Florida · Page 199

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Location:
West Palm Beach, Florida
Issue Date:
Thursday, December 4, 1997
Page:
Page 199
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Page 199 article text (OCR)

8E THE PALM BEACH POST THURSDAY, DECEMBER 4, 1997 S WEE U) mw ED SPECIALS'- Treat Your Home Office With A Gift Tliis Delray Beach 4801 Linton Blvd. (Albertson's Shopping Center) 496-1798 . : tfmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm M ' !" I ... ' 'v "'-tVi L y i ' t y fantastic Sams S1i Delray Town Center. i t .? :f I N rE , s Ddr.j J Community ) H.DM Linton Blvd. To MPS- lb W No Appointment Necessary! q 0 ADULT Importers Of Fine Oriental Carpets From Tlie World Over CUT Y CUT I 11 & under Persian nJan Pakistan Chinese Turkish Tnla Afghanistan 9$ i an Inch by heluht I by height ttm HAII CAM ' ' . I A . , I I Sliiiiniioo I.ii'lit Bl(iw-I)iv SliiiiniMio Lifjlit Blow -Dry' 1 T T ,1 TVT i j I mM-w i w Mil J Jr11"1 , , Curling iron, set, finished style, 1 Curling iron, set, finished style, I or specialty cuts extra. I design lines, or specialty cuts extra. -7 UWnerSniO v-! design line i lines, I PBP PBP 1218')'? 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He holds 2 Master of Laws (LLM) Degrees in taxation & estate planning, and is author of iL ft. I,- til I mm . . . .... Custom vJ Shirts t C Purchase 6 Shirts Get 7th y 0 Free! fyflMade to Measure Suits ... J X $49500 A '" " 1 " ml also... 30-50 OFF All in-Stock Merchandise me uooks, now w nan rour Estate in Florida and "Avoiding Probate, A Lawyer's View." A Will May Be Hazardous To Your Family's Financial Health You can spend money for a will only to have any excessive part of your assets needlessly "given" to lawyers, courts, administrators, executors and the tax authorities through the probate process. Why should you avoid probate? Simple. It costs too much, lasts too long, and creates unwanted publicity. Yes, there's a far better way to protect your estate than having just a will. A Living Trust is an inexpensive alternative to probating a will even for an average sized estate. A recent Wall Street Journal article says "More and more Americans are putting their assets in Revocable Livings Trusts. . .while the owner is still alive. . .can act as their own trustees, so there are no managerial fees or loss of control. They can change the trust at any time." You keep the bulk of your estate out of probate court with no public record or the usual nine months delay. You may reduce taxes and simplify the transfer of assets to your heirs. The advantages of living trusts over wills are considerable. Under a will, an estate must be settled in probate court. Lawyers' fees and court costs often are substantial; there may be exasperating delays, and the proceedings are a matter of public record." "In contrast, a living trust is settled without a court proceeding; a successor trustee simply distributes assets according to the trust's instructions, with an accountant, notary public or lawyer certifying any transfer of titles. The process is much quicker, cheaper and more private than settling a will, and it may save on estate taxes." A Living Trust can also protect a person in the event of their disability thus guiding a guardianship proceeding. Lawyers charge an average of $60 for writing a will and then receive as much as 1 1 percent of the entire estate after the client dies and the will is probated. The Wall Street Journal says "the living trust business is booming." Do it now. . .while there is still time to protect your loved ones. For information on upcoming seminars or to receive three 13) informative articles on Living Trusts and avoiding probate Please call Kathv at 15611 451-8220 61 00 Glades Road. 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