You want to support your surviving spouse, but also want to ensure that the principal or remainder of your estate goes to your chosen heirs (e.g., your children from a first marriage) after your spouse dies
(PRWEB) April 29, 2014
The Mesothelioma Victims Center says, "Trusts are not just for rich people. This week we are focusing on educating victims on how incredibly vital of a tool they can be when it comes to protecting their estate, ensuring the least amount of taxes, and guaranteeing the estate gets settled in an amicable way.”
The Mesothelioma Victims Center recently discovered an incredibly important lesson on the topic of Trusts from Money Magazine that is relevant to any diagnosed victim of mesothelioma, or their family members, and they call it a must read. This information is titled Money Magazine Lesson 101—Trusts:
“The truth is a trust may be a useful estate-planning tool for a individual if they have a net worth of at least $100,000 and meet one of the following conditions:
- A sizable amount of all assets should be in real estate, a business, or an art collection
- Leave an estate to a heir(s) in a way that is not directly and immediately payable to them upon death. For example, stipulate that they receive their inheritance in three parts, or upon certain conditions being met, such as graduating from college
- Support the surviving spouse, but also make sure to ensure that the principal or remainder of the estate goes to a chosen heir(s) (e.g., children from a first marriage) after the spouse dies.
According to the article, “Among the chief advantages of trusts, is that they let you put conditions on how and when your assets are distributed after you die, as well as reduce estate and gift taxes. A trust also allows you to distribute assets to heirs efficiently without the cost, delay and publicity of probate court when a probate can cost between 5% to 7% of your estate.”
The Mesothelioma Victims Center says, “The extremely skilled mesothelioma attorneys we suggest are experts at guiding families of a victim on how to go about a trust. We want victims to know that these are the top mesothelioma compensation settlement attorneys in the nation, and mesothelioma compensation is all they do."
For more information, a diagnosed victim of mesothelioma, or their family members, are encouraged to call the Mesothelioma Victims Center at 866-714-6466. http://MesotheliomaVictimsCenter.Com
Information About Mesothelioma For Diagnosed Victims And Their Families From The Mesothelioma Victims Center:
According to the US Center for Disease Control, the average age for a diagnosed victim of mesothelioma is 72 years old. Frequently victims of mesothelioma are initially misdiagnosed with pneumonia. This year between 2,500 and 3,000 US citizens will be diagnosed with mesothelioma. Mesothelioma is attributable to exposure to asbestos.
High-risk work groups for exposure to asbestos include: US Navy Veterans, shipyard workers, oil refinery workers, manufacturing workers, plumbers, electricians, auto mechanics, machinists, and construction workers. Typically the exposure to asbestos occurred in the 1950s, 1960s, 1970s, or 1980s. http://MesotheliomaVictimsCenter.Com
The states with the highest incidence of mesothelioma include: Pennsylvania, Maine, New Jersey, West Virginia, Florida, Wyoming, and Washington. However, based on the calls the Mesothelioma Victims Center receives diagnosed victims could be in any state including California, New York, Texas, Massachusetts, Maryland, Virginia, North Carolina, Georgia, Louisiana, Missouri, Ohio, Michigan, Iowa, Indiana, Illinois, Wisconsin, Minnesota, North Dakota, Montana, Nebraska, Kansas, Colorado, Utah, New Mexico, Arizona Nevada, Idaho, Oregon, and Alaska.
The Mesothelioma Victims Center says, “Before you hire a mesothelioma attorney please call us at 866-714-6466, and compare the qualifications of who we consider to be the nation's most skilled mesothelioma attorneys to any other lawyer, or law firm. When it comes to obtaining the best mesothelioma settlement, the quality of the attorney matters, as we would like to explain." http://MesotheliomaVictimsCenter.Com
For more information about a rare form of cancer caused by exposure to asbestos called mesothelioma, please visit the US Centers For Disease Control's web site: http://www.cdc.gov/mmwr/preview/mmwrhtml/mm5815a3.htm