THE
TRUST PROS








  
The Los Angeles Times Interviews Company President, Michael Crupi
Tuesday, June 10, 2008
Living Well Section Y3

A Matter of Life and Death
Revocable living trusts offer many advantages

A living trust is a document created during your life that allows you to control your assets while alive, but also allows you to appoint a successor trustee to manage your assets after your death or if you are incapacitated. If you don’t have a successor trustee and you become incapacitated, no one will have responsibility for paying your bills…That could trigger conservatorship, in which the court would appoint a conservator for your estate.

“A living trust is like a basket that has many components”, noted Michael Crupi, President of Graduate Estate Planning Consultants in Sherman Oaks. “A trust says ‘here is a list of my assets, here is where my assets are and here is the person I want to make financial decisions for me and the person I want to make healthcare decisions for me in case of incapacitation.’ And if you have children under the age of 18, a living trust allows you to name a guardian and backup guardian to care for the children.”

“…you can be as specific or as vague as you wish…I had one client who was very excited to tell me that he had arranged to be cremated and have his ashes stuffed into a Civil War cannon and the blown out all over a Civil War battleground.”

Freelance writer Jeffrey Steele



Mommy with son Ronan on Thanksgiving
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