Zee wrote:Меня тоже интересует вопрос можно ли вписать в Deed детей при жизни? Если один ребенок живет в этом доме с родителями, то, что же получается, если нет завещания и Траста, то после смерти родителей он на улице????
Нет, конечно. Ничего страшного не происходит, насколько мне известно. Во-первых, благодаря закону intestate succession ваши дети наследуют вам вне зависимости от наличия у вас завешания. Во-вторых никто никого никуда не выгоняет после смерти. Насколько я понимаю, все манипуляции происходят в бумажном виде. Просто теоретически все имушество переходит в ваше "estate," над которым суд назначает executor. Когда probate суд закончит разборку с вашим estate, то имушество официально перейдет из вашего "estate" к вашим наследникам. Мой probate attorney сказал что занимает етот процесс от 3 до 6 мес. При етом, life insurance proceeds, и другие assets с именованными beneficiaries переходят к вашим наследникам сразу, без прохождения через пробате - так что с голоду они за ето время не помрут.
Disclaimer: I am not a probate attorney, так что имею обо всем етом чисто теоретическую информацию.
а если у человека нет страховки, на которую дети могут прожить 6 мес? А если у него огромное кол-во долгов? Суд не сменит тайтл пока executor не заплатит все долги. А если у детей нет денег? Суд продаст дом. А если у них даже и есть деньги, то зачем всем вокруг платить?
LJ wrote:а если у человека нет страховки, на которую дети могут прожить 6 мес?
В таком случае им (детям) все равно будет нечем платить за етот дом когда они его получат. Страховку надо иметь обязательно - ето гораздо более важно чем завешание.
LJ wrote:А если у него огромное кол-во долгов? Суд не сменит тайтл пока executor не заплатит все долги. А если у детей нет денег? Суд продаст дом.
Честно говоря, я не знаю whether the trust assets would be accessible to the deceased's creditors, так что сказать не могу...
LJ wrote: А если у них даже и есть деньги, то зачем всем вокруг платить?
См. выше - мнение моего trust attorney - в возрасте до 50 и при наличии скромных assets стоимость оформления trust и его периодического обновления при каждой крупной покупке делает етот механизм финансово невыгодным. Я просто привела здесь его мнение.
Ottar wrote:вопрос чайника: а детей в тайтл нельзя никак вписать? Типа если что случится с обоими родителями, то ребенок (скажем, 12 лет) автоматический владелец? Или законом не предусмотрено, чтобы владельцами недвижимости были несовершеннолетние?
Детей можно вписать - только они до 18 лет не могут разпоряжаться имуществом.
При оформлении траста назначается опекун (как минимум 2) помимо родителей.
Location: Moscow -> San Diego CA -> Santa Ysabel CA
Postby Glukozka »
Revocable trust действительно учень удобная штука
ADVANTAGES
1. Incapacity Protection: For those who become ill or incompetent, a successor trustee can take over management of the trust assets. And there will be no costly public time control of your finances. This type of transfer cannot be handled as seamlessly by relying upon a power of attorney.
How It Works: when you create your revocable trust and name yourself as trustee, you also select a successor trustee. You might also designate co-successors perhaps including an institution that will assume financial responsibility.
The Strategy: When the trust is created you should spell out the circumstances in which you no longer can manage your own affairs and who will make the determination. For example, two doctors have to state in writing that you are incapacitated. If this event should occur the successor trustee can step in immediately and the successor of successors will have a fiduciary responsibility to protect your interests.
To illustrate, Joe Smith's estate was to go to his two nieces. As he grew older, he no longer could care for himself. His nieces than could provide him with quality long-term care, or they might not, hoping to preserve Joe's assets that they would eventually inherit.
Fortunately, Joe has drawn up a revocable trust, naming a bank along with the nieces as successor trustees. The trust documents required the successors to provide the best care for Joe and the bank made sure this instruction was carried out to Joe's comfort.
Vital: It's best to go through the formalities of transferring assets into your revocable trust so the trustee will have funds to carry out required responsibilities.
2. Probate Avoidance: Often, revocable trusts are promoted heavily as a means to circumvent the time and expense of probating a decedents will in a local court. The reality is that in most states probate is not burdensome or expensive. Many localities offer a simplified probate process that you may be able to use. Many types of assets are excluded from probate anyway, whether or not you have a revocable trust. For example, jointly held property passes to the surviving owner automatically including insurance proceeds and retirement accounts (including IRAs).
Out Of State Property: If you own property in another state, your survivors will have to go through a separate probate for the out-of-state asset(s). That may mean hiring an attorney far away or making unwanted trips. Holding out-of-state property in a revocable trust avoids this ancillary probate as well as local probate.
The Trap: Using a revocable trust to hold out-of-state property works fine for a vacation home. However, such trusts don't provide asset protection (see below) so investment property should be held in a limited liability company (LLC) or family limited partnership (FLP) for asset protection as well as ancillary probate avoidance.
3. Administrative Rigor: One of the unsung benefits of creating a revocable trust is the need to get your affairs in order. This will help you manage your affairs as you grow older and assist your heirs in handling your estate. To illustrate, Betty Jones created a revocable trust and began putting assets in the Betty Jones Trust. She found she had 17 mutual funds and four brokerage accounts. In re-titling her assets she consolidated them to a few accounts making record keeping easier and reducing expenses.
Но в то же время DRAWBACKS
1. No Tax Benefits: Despite what you might hear or read, revocable trusts are neutral from a tax point of view.
For income tax purposes trust income is taxed to you as the grantor. For estate tax purposes assets transferred to a revocable trust are included in your taxable estate.
The Trap: Misinformation about revocable trusts can lead you to neglect necessary tax planning, especially when it comes to estate tax.
The Good News: Virtually all sophisticated estate and income tax planning strategies can be used in conjunction with revocable trusts.
An Example: After transferring your assets into a revocable trust you can give away trust assets to reduce your taxable estate, using the $10,000 (per recipient) annual gift tax exclusion. A recent change in tax law erased doubts about this tactic.
2. There is No Asset Protection: Assets held in a revocable trust are just as vulnerable to your creditors as assets you hold personally. For example, if you hold investment property in a revocable trust, a tenant whose child eats lead paint may sue you personally for damages. As mentioned earlier, a family limited partnership or limited liability company should be used for asset protection.
3. Complacency: Merely setting up a revocable trust won't provide you with a complete estate plan. You should take the time to re-title assets given to the trust. Have a will to cover those assets not held in the trust. Select suitable trustees, get their agreement to serve, and make arrangements for backup trustees. Work with a knowledgeable professional on tax planning. Explain all of these arrangements to your heirs.
SINGLE OR JOINT
Married couple must decide whether to use a joint revocable trust or to have each spouse create his/her own trust. Individual trusts are generally best for the following reasons. Both spouses gain investment and financial experience. If one spouse dies the survivor may have easier access to the assets in his own trust than would be the case with a joint trust. Each spouse builds an individual credit history.
Когда люди не сходятся в главном, они расходятся из-за пустяков.
Т.е. два главных преимушества - probate avoidance and protection of assets from creditors на самом деле не сушествуют:
1. Probate Avoidance: Often, revocable trusts are promoted heavily as a means to circumvent the time and expense of probating a decedents will in a local court. The reality is that in most states probate is not burdensome or expensive. Many localities offer a simplified probate process that you may be able to use. Many types of assets are excluded from probate anyway, whether or not you have a revocable trust. For example, jointly held property passes to the surviving owner automatically including insurance proceeds and retirement accounts (including IRAs).
2. There is No Asset Protection: Assets held in a revocable trust are just as vulnerable to your creditors as assets you hold personally. For example, if you hold investment property in a revocable trust, a tenant whose child eats lead paint may sue you personally for damages. As mentioned earlier, a family limited partnership or limited liability company should be used for asset protection.
Резюме: don't get into debts and buy life insurance!
Хозяин-барин. У каждого свое мнение
