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Don't know anything about the Patriot group but would reiterate some of the comments about need for a Revocable Living Trust.

This seems to be an up and coming area (like variable annuities), but if a persons estate is under the $675,000 exemption (going to $1 million by 2005), they don't have to worry about federal estate tax, and, in most cases, can avoid probate, just by titling property and assets properly (e.g. name IRA beneficiaries, quit claim deed the house, joint ownership of other assets).

Your comment "her interest was raised by a salesman" is worrisome, and I would get another opinion or two before proceeding.

Good Luck,

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