Tuesday, August 12, 2014

Nothing To Fear But Fear Itself

King Fear feels at peace now that he has made detailed provisions for what will happen to his property after his death. His evil daughters Goneril and Regan will receive a shed full of coal and his luggage set by inheriting "everything" under the terms of his Will. 

And good daughter Delia and his friend Duke Loyal will actually inherit everything under his Living Trust, but their generous natures will be reined in by the provisions of the Trust.  The Trust prevents them from giving any of the property they inherit from the Trust to Goneril and Regan. 

Fear took the time to catalog all of his assets and who was on the title to each.  Then, he changed the title designations and bought and sold property to fit what he wanted to do now.  Having put just about everything in his Living Trust, he has been able to designate in one place just who is to get what, and how much. 

He can also change who will receive his property in just one place, the Living Trust.  Most important, he can deal with his property while he is alive just like he did before he had his Trust.  As both Trustee and Beneficiary, he can spend and save money, sell property, buy property or even give it away. 

Having fully planned for the present and future, Fear has nothing left to fear, except maybe himself.

For a Living Trust tailored to your situation and wishes for the future, call our office at (815) 436-1996 for an appointment. © 2014 Gruber Law Office, Ltd.

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