Living trust myths and probate explained in plain terms
The column explains that avoiding probate with a living trust is not possible for assets titled in the owner's name. It clarifies how probate determines ownership and entitlement, noting that a will cannot bypass the court process and that assets must be probated to transfer ownership. The author plans fall edits and reader questions will feature in future pieces.
MENTIONED IN THIS ARTICLE
Waupum
John Doe
This is the last column until fall in Eau Claire
Basil Holder writes a summer pause for The Country Today readers. He notes he will answer letters and finish a farm estate planning course, invites questions at The Country Today box or his Eau Claire offices, and explains probate, trust ownership, life insurance, gifting, and tax considerations with farm estate planning guidance.
MENTIONED IN THIS ARTICLE
Mr. Holder
Holder
Tony
Basil Holder
Black River Falls
Country Today
Eau Claire
Comprehensive Planning Services Inc
S. Barstow St
Also Mentioned on This Page
Sam
Ryan
General Stor
Irwin
WWE
Kautenberg
Dap
America
Clip & Mail
Strike Insect Strip
P.O
Beaverton
Oregon
ACS Marketing Services, Inc
Swith Street
ONG
Farm and Fleet
LaCrosse
Beraboo
Madison
Janesville
Monroe
Platteville
And
Illinois
Iowa