Majalah Digital Kabari Vol: 29 Juli - Agustus 2009 | Page 13

[amerika]

to Probate, there will be no Probate process to have to deal
with. Remember, Probate only applies to assets in “your name”
not assets in “your trust’s name.” The process of giving away
trust assets happens outside of Probate, without government
involvement, and is generally very fast, cheap, simple, and most
importantly for Michael . . . Private! My office routinely gives away
trust assets in 90 days.
When you get your Living Trust done, the attorney usually also
gives you something called a Pour Over Will. All this Pour Over
Will does is say “if I accidentally leave anything in ‘my name’ as
compared to the name of my trust, then allow that single asset
to be Probated and at the end of the Probate process give it
to my Living Trust.” Thus, it is said that the one Probated item
“pours over” into the Living Trust like a pitcher of water. Then, the
master distribution scheme within the Living Trust privately gives
everything away according to your wishes.
Michael has a Pour Over Will which gives everything to his Living
Trust and that’s what was recorded in Court today. What the
Living Trust says we’ll never know unless someone leaks it to the
press. So back to our initial question . . . why doesn’t Michael’s
Will tell us where his money goes? The answer is because he

properly planned his estate using an attorney drafted Living Trust.
During his life, he took all assets out of “his name” and transferred
them to the Living Trust. This rendered the Will and Probate
pointless because there were no assets in “his name.” Further,
any assets accidentally left in his name would just “pour over” (be
given) to the Living Trust. Oh well, there’s still the Enquirer! q
Jason Louie, Untuk Pertanyaan dan mendapatkan Laporan
Gratis tentang Pajak Warisan, Silakan telpon 1-800-401-0724,
lalu tekan extension 1700
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