Best way to form a trust?

[earlyretirement]

[quote=Jazzman] If you are non-US domiciled ie born elsewhere be wary of the consequences in your country of domicile. In many places domicile is very hard to shake off, and many countries don’t recognize trusts. Could cause problems down the road. Local attorneys won’t have the expertise to advise on this.[/quote]

This is an EXCELLENT point Jazzman. Although I’m American born and raised. I’ve lived in a few countries and have permanent residency status in other countries where I own assets and properties. And you’re right…many times they don’t recognize wills from the USA. In those countries, I was advised to do a separate last will and testament or trust in that country as well.

It’s always a great idea to consult a skilled attorney. I know sometimes people try to save money but in the end you can cost yourself a lot of money if you don’t structure things properly.

[carlsbadworker]

I am still confused about the best and most inexpensive way to form a trust. If you don’t have group legal services in your company, what is the “redfin” site for lawyers that you can compare the review and price? My google search turns out firms that charge $700 for a living trust, and the seminar I attended before charges $1000, and the recommendation above charges $1300, and legal zoom only charges $250…I mean, isn’t the price too random for basically the same kind of work?

[carlsbadworker]

I am still confused about the best and most inexpensive way to form a trust. If you don’t have group legal services in your company, what is the “redfin” site for lawyers that you can compare the review and price? My google search turns out firms that charge $700 for a living trust, and the seminar I attended before charges $1000, and the recommendation above charges $1300, and legal zoom only charges $250…I mean, isn’t the price too random for basically the same kind of work?

[carlsbadworker]

I am still confused about the best and most inexpensive way to form a trust. If you don’t have group legal services in your company, what is the “redfin” site for lawyers that you can compare the review and price? My google search turns out firms that charge $700 for a living trust, and the seminar I attended before charges $1000, and the recommendation above charges $1300, and legal zoom only charges $250…I mean, isn’t the price too random for basically the same kind of work?

[carlsbadworker]

I am still confused about the best and most inexpensive way to form a trust. If you don’t have group legal services in your company, what is the “redfin” site for lawyers that you can compare the review and price? My google search turns out firms that charge $700 for a living trust, and the seminar I attended before charges $1000, and the recommendation above charges $1300, and legal zoom only charges $250…I mean, isn’t the price too random for basically the same kind of work?

[carlsbadworker]

I am still confused about the best and most inexpensive way to form a trust. If you don’t have group legal services in your company, what is the “redfin” site for lawyers that you can compare the review and price? My google search turns out firms that charge $700 for a living trust, and the seminar I attended before charges $1000, and the recommendation above charges $1300, and legal zoom only charges $250…I mean, isn’t the price too random for basically the same kind of work?

[Anonymous]

I use Suze Ormans will and trust kit. It is cheap, easy and alows you to change it whenever you want. I think it is $29 for her online versionand $49 for the kit that comes with a case and cd’s. It is easy. All your info is saved and you can print or change it whenever you want.It incluses wills, trust, durable power of attorney and health care directive. I paid alot for the first trust I ever got. It was a joke. You pay a lot to attorneys to revise a trust also.

The important thing is to put all your assets in the trust name when you are done. A lot of people get Trust done and never re title their accounts.

[Anonymous]

I use Suze Ormans will and trust kit. It is cheap, easy and alows you to change it whenever you want. I think it is $29 for her online versionand $49 for the kit that comes with a case and cd’s. It is easy. All your info is saved and you can print or change it whenever you want.It incluses wills, trust, durable power of attorney and health care directive. I paid alot for the first trust I ever got. It was a joke. You pay a lot to attorneys to revise a trust also.

The important thing is to put all your assets in the trust name when you are done. A lot of people get Trust done and never re title their accounts.

[Anonymous]

I use Suze Ormans will and trust kit. It is cheap, easy and alows you to change it whenever you want. I think it is $29 for her online versionand $49 for the kit that comes with a case and cd’s. It is easy. All your info is saved and you can print or change it whenever you want.It incluses wills, trust, durable power of attorney and health care directive. I paid alot for the first trust I ever got. It was a joke. You pay a lot to attorneys to revise a trust also.

The important thing is to put all your assets in the trust name when you are done. A lot of people get Trust done and never re title their accounts.

[Anonymous]

I use Suze Ormans will and trust kit. It is cheap, easy and alows you to change it whenever you want. I think it is $29 for her online versionand $49 for the kit that comes with a case and cd’s. It is easy. All your info is saved and you can print or change it whenever you want.It incluses wills, trust, durable power of attorney and health care directive. I paid alot for the first trust I ever got. It was a joke. You pay a lot to attorneys to revise a trust also.

The important thing is to put all your assets in the trust name when you are done. A lot of people get Trust done and never re title their accounts.

[Anonymous]

I use Suze Ormans will and trust kit. It is cheap, easy and alows you to change it whenever you want. I think it is $29 for her online versionand $49 for the kit that comes with a case and cd’s. It is easy. All your info is saved and you can print or change it whenever you want.It incluses wills, trust, durable power of attorney and health care directive. I paid alot for the first trust I ever got. It was a joke. You pay a lot to attorneys to revise a trust also.

The important thing is to put all your assets in the trust name when you are done. A lot of people get Trust done and never re title their accounts.

[scaredyclassic]

i cannot remember anything about wills and trusts from law school or the bar exam, except that it was a complex and vexing subject which you had to know a surprising amount of detail about to pass the damn test but which i promptly forgot shortly after. It came up in practice a few years later at a large firm and i chokingly relearned some –then purged it entirely from brain…

I would be nervous about doing my own complex estate planning in trust documents. i guess the more you know, the more you realize you don’t know much. i’m not trying to justify high lawyer fees or drum up business for them, just saying…i wouldn’t trust me with a trust, and theoretically I’m licensed to do it.

[scaredyclassic]

i cannot remember anything about wills and trusts from law school or the bar exam, except that it was a complex and vexing subject which you had to know a surprising amount of detail about to pass the damn test but which i promptly forgot shortly after. It came up in practice a few years later at a large firm and i chokingly relearned some –then purged it entirely from brain…

I would be nervous about doing my own complex estate planning in trust documents. i guess the more you know, the more you realize you don’t know much. i’m not trying to justify high lawyer fees or drum up business for them, just saying…i wouldn’t trust me with a trust, and theoretically I’m licensed to do it.

[scaredyclassic]

i cannot remember anything about wills and trusts from law school or the bar exam, except that it was a complex and vexing subject which you had to know a surprising amount of detail about to pass the damn test but which i promptly forgot shortly after. It came up in practice a few years later at a large firm and i chokingly relearned some –then purged it entirely from brain…

I would be nervous about doing my own complex estate planning in trust documents. i guess the more you know, the more you realize you don’t know much. i’m not trying to justify high lawyer fees or drum up business for them, just saying…i wouldn’t trust me with a trust, and theoretically I’m licensed to do it.

[scaredyclassic]

i cannot remember anything about wills and trusts from law school or the bar exam, except that it was a complex and vexing subject which you had to know a surprising amount of detail about to pass the damn test but which i promptly forgot shortly after. It came up in practice a few years later at a large firm and i chokingly relearned some –then purged it entirely from brain…

I would be nervous about doing my own complex estate planning in trust documents. i guess the more you know, the more you realize you don’t know much. i’m not trying to justify high lawyer fees or drum up business for them, just saying…i wouldn’t trust me with a trust, and theoretically I’m licensed to do it.

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