Recently a Georgia probate lawyer contacted me about an estate he was helping settle, that of a Georgia resident who had been a widow when she died, Selma Johnson. The lawyer represented her son, who was the personal representative of the widow’s estate. When the widow and her husband, Jim, were first married, they lived […]
“But I Thought My Assets Were Already in my Trust!”
Revocable Trusts have been sold by many in the estate planning industry as the panacea for all difficulties in dealing with assets when their owner dies. “If I have a Revocable Trust,” a layperson might say, “then I avoid probate.” This idea often reflects the mistaken impression that a person’s mere signing of the trust […]