The person who did my will, which referred to the trust, living will,
living trust, and real estate trust ( I think that's what they are called)
is both an attorney and a CPA. Most of his family all work in the
investment/ estate planning field. The total for everything was less than
$1000.
There was a fee ($12?) for the county to change the name on the deed, and
they didn't even look at the trust. My banks all have copies, and if
anything happens to me my sons have immediate access to everything.
On Wed, Apr 29, 2015 at 4:03 PM, Diane Bruce <db at db.net> wrote:
On Wed, Apr 29, 2015 at 01:56:04PM -0700, Ali wrote:
Here in
the US, you can set up a living trust.
If done correctly, there is no need for probate court, lawyers, or
additional costs.
I had mine done a few surgeries ago, and is is nice to know that it
will make things easier, quicker, and less expensive for my family.
Most Lawyers don't like them because they make a lot of money in
probate.
Not to go way OT but:
They don't? Mine was more than happy to take my money! :) You have to go
to
the right lawyer - i.e. one specializing in trusts. For those guys it is
easy money because for the most part it is boiler plate work.
In the US you should have a Living Trust (to avoid tax issues), a will,
a Durable
Power of Attorney, and an Advance Directive. You don't want to
know how many time in my line of work I run into people without the last
two and the headaches it causes for us and the families.....
This is way OT but it is hitting a very raw nerve right now for me.
My mother died April 21. Guess who did not have a PoA, Will or pre-arranged
funeral? Yes, my mother.
Please. If you have children, please do a will and pre-arrange funeral.
It is cruel otherwise. Very cruel.
Diane
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