Myth: With a living trust, the surviving spouse does not need to - TopicsExpress

Myth: With a living trust, the surviving spouse does not need to take action after a spouse’s death. Fact: Failure to adhere to the proper legal formalities following a death could result in significant administrative and tax implications. While a properly drafted and funded living trust will avoid probate, there are still many tasks that have to be performed such as filing documents, sending notices and transferring assets.

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