Estate Planning Under the New Tax Law – NYTimes.com

Estate Planning Under the New Tax Law – NYTimes.com.

In California, a will alone is not enough to avoid the state’s getting involved in the probate process.

A better plan would be to set up a revocable, or living, trust that holds the assets. It has the added advantage of keeping prying eyes out of someone’s affairs.

“Michael Jackson’s will is being probated.  He actually had a living trust, but he didn’t put his assets in it.”

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