>>8296245 (LB)
Lawfag here. If Epstein had put everything into trusts or a pour-over will dumping into a trust, beneficiaries would be able to avoid Probate Court. Rich people do not like to air their laundry in Probate Court and avoid taxes.
>>8296245 (LB)
Lawfag here. If Epstein had put everything into trusts or a pour-over will dumping into a trust, beneficiaries would be able to avoid Probate Court. Rich people do not like to air their laundry in Probate Court and avoid taxes.
No, not through Probate. Feds can seize their assets through the Court and they can still be alive. Look at BackPage. The Feds seized their houses, bank accounts, etc. No need to die or Probate.
Exactly. Must have trusts in place and/or will. Wealthy people do not use a will per se. They dump everything into trusts of all sorts.