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I was at a gathering in Orlando this past summer where a nationwide investor (on the seminar circuit) was saying. He was pitching his foreclosure product, and specifically how you can contact owners in pre-foreclosure.

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Married or unmarried and living as part of your partner, A living trust can help you for this horrors of probate. Living trusts typical that I. Don't risk becoming another probate court present. Ta-dum!

There are professional trustees out present. Most large banks have trust departments that give full attention to acting as trustees. These people must be licensed and bonded. Since they will charge for their services, you are very likely that whoever handles the estate is entitled to get paid something for their time, even if it is your child. It is a significant responsibility and there is a time promise. Trusts usually provide for some compensation for the Successor Trustee, usually turn out to be consistent using a professional trustee would charge.

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