Originally Posted by Spanokopitas
Originally Posted by Old_Toot
Originally Posted by Spanokopitas

I have two Trusts, One OR and one CA. I am familiar with Trusts....trust me.


Yep.
Anyone with an appreciable amount of property, especially in more than one state, should consider using Trusts or make preparations for some possibly very costly estate probate issues.


It would pay them dividends if some of the children around here would pay heed to us Old Farts.

Trusts do not limit or reduce taxes, they allow avoidance of probate which can be long, complicated and expensive, especially if big bucks are involved and beneficiaries get onery. Your heirs will still need to hire a trust attorney. Best if they use the attorney who crafted your trust.




Yessir and I’ve seen the scenario that you’ve described happen and it wasn’t pretty plus the legal fees were exorbitant.

Call it a Lawyer’s wet dream come true,,,all of which could have been avoided with a little judicious planning and minor expense relative to what expenses that can occur down the road.

The degree of my privacy is no business of yours.

What we've learned from history is that we haven't learned from it.