Why are titles to millions of U.S. houses, condominiums and investment properties held in their owner's revocable living trusts? Could it be these real estate owners know something most of us don't know? Although it has been almost 40 years since Norman F. Dacey wrote his best-seller book "How to Avoid Probate," which sold more than 1.5 million copies, most homeowners and realty investors still are unaware of the benefits of living trusts. Purchase Bob Bruss reports online. For revealing the secrets of living trusts to avoid probate costs and delays, Dacey was enjoined by the Connecticut Bar Association. In New York, he was charged with criminal contempt of court and ordered to pay a $250 fine or spend 30 days in jail for writing his book. But he appealed and the New York Court of Appeals found him not guilty. Today, living trusts are widely accepted in every state to avoid probate. WHAT IS A REVOCABLE LIVING TRUST? A living trust is a method to hold title to real estate and perso...
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