The American Academy of Estate Planning Attorneys The American Academy of Estate Planning Attorneys

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 Frequently Asked Questions
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Frequently Asked Questions

Here are timely answers to the Top 10 most frequently asked estate planning questions. After you've familiarized yourself with the issues, you'll be ready to take steps to preserve your wealth through effective estate planning.

  1. Why do I need an estate plan?

  2. If I don't create an estate plan, won't the government provide one for me?

  3. What's the difference between having a will and a Living Trust?

  4. The possibility of a disabling injury or illness scares me. What would happen if I were mentally disabled and had no estate plan or just a will?

  5. If I set up a Living Trust, can I be my own trustee?

  6. Will a Living Trust avoid income taxes?

  7. Can I transfer real estate into a Living Trust?

  8. Is the Living Trust some kind of loophole the government will eventually close down?

  9. Isn't a Living Trust only for the rich?

  10. Can any attorney create a Living Trust?

 


“As a new member I can tell you that I have gotten my money's worth so far. I've directed questions to education and have gotten practical answers quickly. The tapes and other materials are outstanding. I think you are going to save me five years of mistakes. The idea of a PBC is a good one. Susan keeps me focused.”

Allan S. — Los Angeles, California Member