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    1. Revocable (Living) Trusts

    2. 2

    3. 3 Revocable Trusts Introduction Advantages Disadvantages Summary

    4. 4 Introduction Inter vivos (living) trust Revocable Amendable Grantor maintains control Income taxed to the grantor Value of trust included in the grantors estate

    5. 5 Revocable Trusts Introduction Advantages Disadvantages Summary

    6. 6 Advantages Grantor Determines Trustee Uninterrupted Continuity Serves As a Trial Run Professional Management without Grantors Loss of Control Flexibility Protection from Beneficiaries Creditors

    7. 7 Advantages Grantor Determines Trustee Uninterrupted Continuity Serves As a Trial Run Professional Management without Grantors Loss of Control Flexibility Protection from Beneficiaries Creditors

    8. 8 Advantages Grantor Determines Trustee Uninterrupted Continuity Serves As a Trial Run Professional Management without Grantors Loss of Control Flexibility Protection from Beneficiaries Creditors

    9. 9 Advantages Grantor Determines Trustee Uninterrupted Continuity Serves As a Trial Run Professional Management without Grantors Loss of Control Flexibility Protection from Beneficiaries Creditors

    10. 10 Advantages Grantor Determines Trustee Uninterrupted Continuity Serves As a Trial Run Professional Management without Grantors Loss of Control Flexibility Protection from Beneficiaries Creditors

    11. 11 Advantages Grantor Determines Trustee Uninterrupted Continuity Serves As a Trial Run Professional Management without Grantors Loss of Control Flexibility Protection from Beneficiaries Creditors

    12. 12 Advantages Avoidance of Probate Reduction of Administrative Costs Serves As Will Substitute Minimizes or Avoids Disputes Tax Treatment

    13. 13 Avoidance of Probate No probate for grantor trust assets Expedites distribution of assets Privacy Probate expenses minimized

    14. 14 Advantages Avoidance of Probate Reduction of Administrative Costs Serves As Will Substitute Minimizes or Avoids Disputes Tax Treatment

    15. 15 Advantages Avoidance of Probate Reduction of Administrative Costs Serves As Will Substitute Minimizes or Avoids Disputes Tax Treatment

    16. 16 Will Substitute Becomes irrevocable on owners death Provides for disposition like a will Does not eliminate the need for a will

    17. 17 Advantages Avoidance of Probate Reduction of Administrative Costs Serves As Will Substitute Minimizes or Avoids Disputes Tax Treatment

    18. 18 Advantages Avoidance of Probate Reduction of Administrative Costs Serves As Will Substitute Minimizes or Avoids Disputes Tax Treatment

    19. 19 Revocable Trusts Introduction Advantages Disadvantages Summary

    20. 20 Disadvantages Cost Failure to Fully Fund the Trust Some Property Is Not Appropriate

    21. 21 Disadvantages Cost Failure to Fully Fund the Trust Some Property Is Not Appropriate

    22. 22 Disadvantages Cost Failure to Fully Fund the Trust Some Property Is Not Appropriate

    23. 23 Some Property Not Appropriate S corporation stock Real property generating passive activity losses Certain depreciating assets

    24. 24 Revocable Trusts Introduction Advantages Disadvantages Summary

    25. Thank You Questions?