It is better to read this now than to have your family struggle with the legal system while you are fighting for your life on the hospital bed, and certainly not after your death.

Don't pay lawyers $1,500 for this information. And don't let them talk you into leaving your family a living will, until you get the facts.

If you have any amount of money, real estate, or other assets that you plan to leave for your children, this report is for you.

Like me, you probably have no desire to work your entire life only to have the lawyers and court sytem eat away the fruits of your labor.

If you are concerned about your family and loved ones, take to heart this eye-opening report.

Hyde Stewart, an Ohio Postman, died leaving $22,864 and no will. When the estate was settled after twenty five months, it had paid out $2.077 in administrator's fees and $3,500 in attorney's fees.

"Probate Eats up Nearly Half of an Estate of $19,425" - a front page headline in a Missouri Newspaper.

When Robert Sterling Clark died in New York, the cost of administering his estate was $856,747, the executor was paid $2,965,683, and the attorney charged $1,065,530. It cost $4,822,430 to "protect" Clark's heirs.

Is this what you want for your family? How can you avoid falling into the "probate trap"?

There is a solution ......Read This Special Report ..

Vijay Fadia
Los Angeles

Using a little foresight, let's say, you've written a will to distribute your assets to your children after your death and now you're feeling pretty secure that you've safeguarded your children's inheritance. But this may be a false peace of mind. You may be leaving for your children months, even years, of agony in probate court, whopping attorney's fees, hassles with court officials and emotional anxiety of waiting for their inheritances. Surprisingly, there's a simple solution to this problem and a growing number of people are taking advantage of it.

Like many Americans, Jane learned the value of a revocable living trust first hand, but paid a heavy price for it. When her father died four years ago, he left his business, family residence, a vacation home in Arizona and other assets to her. Fortunately, he had left a will and at first it seemed everything would go smoothly. But the problems started cropping up almost immediately. Although Jane, an accountant by profession, was named the executor and sole beneficiary of the estate, she had to hire an attorney to probate the will. She was familiar with her father's financial affairs but, when it came to probate, there was very little she could do to expedite the process. It seemed like the court and attorneys were getting involved in every decision. Finally, the probate was over more than two years later but took a heavy financial and emotional toll on Jane. the once-thriving business was pretty much ruined.

After this experience, it did not take much to persuade Jane and her husband to set up a revocable living trust. All of their assets were transferred to the trust, with both of them acting as trustees. Because the trust is revocable, they can change its terms, or even cancel it at any time. When one of them dies, the surviving spouse will continue to act as trustee and control and manage their assets. In the event of incapacity or incompentence, the living trust will allow them to avoid lengthy and costly guardianship and conservatorship court proceedings. As Jane put it, "I want everything to be as easy as possible for my kids if something happened to me. I wouldn't want them to go through what I did with my father's estate."

The beauty of a revocable living trust is its flexibility. In setting up the trust, you transfer legal ownership of the assets to the trust, but you name yourself as trustee of the trust. Thus, although you've relinquished the nominal ownership of the assets, you continue to be t he beneficial owner; you can manage, sell, mortgage, or give away your assets as you please and the trust won't interfere. If at some point in time you wish to change terms of the trust, including designation of beneficiaries, or even revoke it in entirety, you can do so.

Many estate planners swear by living trusts; their advantages over wills are many. The problem with a will is that it must be proved valid in probate court. To probate a will, you'll definately need to hire an attorney and attorney's fees can run into thousands of dollars. There may be executor's commissions and other court costs.

California's probate fees - set by law - are about average among states. For an estate of $500,000 ( by no means a small or uncommon estate where home prices start around $200,000), the cost of probate in terms of attorneys fees and executor's commissions would range around $22,300. This is a big chunk out of your children's inheritance.

Worse than the financial blow, probate can exact an emotional toll on the surviving family. Your heirs may have to wait several months and sometimes years to collect their inheritances, depending upon the efficiency of the executor, attorney and probate court. Delays of eighteen months to two years are not at all unusual.

Probate records are public records and are available to all kinds of salespeople, scrupulous or otherwise. Many a widow has been persuaded to make unwise or unsuitable investment under pressure from fast-talking hucksters.

Living trusts, on the other hand, require no court proceedings; a successor trustee ( who may also be a beneficiary ) simply distributes the assets according to the trust's instructions and dissolves the trust. "The process is much quicker, cheaper and more private than settling a will, and it may save on taxes, too," according to a well-known authority on trusts in Atlanta.

To read the complete report on living trust, simply become a PAID member. We've made special arrangements for our members to get a do-it-yourself kit. Why spend hundreds or even thousands of dollars for something that you can do yourself in minutes.