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Reply to "Wills vs Trust"
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[quote=Anonymous]Probably rehashed several times, but I'll ask anyways.. I came across a promo video where the lawyer was claiming that in some states (FL was one I remember) wills and revocable/irrevocable trusts have to go through probate and he has a fix for that so give him a call.. Maybe it's a new thing but I thought if assets are properly titled to a Trust, they avoid probate. So I have some questions for those situations in the state of Virginia.. Spouse and I have a Revocable Trusts set up as well as pour-over will. Which of these assets will have to go through probate when we die, in Fairfax County, Virginia? 1. Primary residence - In both our names. Not moved over to Trust 2. Investment Accounts/Bank Accounts - Titled in the name of the Trust 3. Investment accounts/Bank Accounts - Titled in our names (joint or individual) with Trust or other individual named as beneficiary 4. Vehicles - Titled in our individual names [/quote]
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