I have a Personal Asset Trust and so does my brother. The beneficiary(ies) I named will receive their own PAT from my estate after my death. There are a couple of other questions to ask a lawyer. Is keeping the assets in the trust of value to you? Are there limitations on what assets can be removed from the trust? You maybe able to remove assets from the trust, and let it go away. Just because someone convinced your parents, this version of a trust was a good idea doesn't mean that it is good for you.
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