Trusts & Estates Outline—Hernandez, 2003

BURDENS: Lawyers charge more to draft a revocable trust than a will, and transferring assets to a trustee may include transfer fees. (2) Less Delays w/a Trust When administering an estate, the assets may be in the executor’s possession for a long time, while income and principal under a revocable trust can be disbursed to beneficiaries more ... ................
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