Client A had a $1,000,000 estate. He did no estate planning and died. His children had to take his estate through probate. The attorney fees and executor fees alone cost the family $46,000. The probate court process took over 18 months to complete.
Client B had a $1,000,000 estate. He established a living trust for $1,850 and died. His children did not have to take his estate through probate. The attorney fees and trustee fees cost the family $10,000, The trust administration took 3 months to complete.
Who took care of his family better and was a better steward of his assets?