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MISSISSIPPI REVOCABLE LIVING TRUST  Form

MISSISSIPPI REVOCABLE LIVING TRUST Form

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- Hey guys, Toby Mathis here, and today we're going to go over seven huge revocable trust mistakes and how to avoid them. So I'm just going to call it a living trust to make it really easy for you. And let's talk about why people use those living trusts. We'll just get this out of the way. Number one reason is because a living trust avoids probate. What is probate? It's that legal process you have to go through if you have a will or if you don't have any estate plan at all, you get to go to that judge. Technically, you know, they can go as long as many years. I think they're about average between 12 and 18 months of a court process, depending on who you listen to. ARP came out and said, you know, mid to small estates, it can eat up as much as 20%. The estate planners are all going to say, no, it's four to 7%. There are statutes that start at 8%, like in California or typical probate, let's just say like in Pennsylv

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