Best way to form a trust?

[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.

[carlsbadworker]

scaredy, but that doesn’t mean the lawyer you pay thousands dollar to can’t be equally clueless. Most people has simple straightforward living trust, so I can’t imagine what’s the huge value addition that a lawyer could provide. Anyway, I am going to buy a book from Nolo Press on this subject to see if I can figure it out myself.

[carlsbadworker]

scaredy, but that doesn’t mean the lawyer you pay thousands dollar to can’t be equally clueless. Most people has simple straightforward living trust, so I can’t imagine what’s the huge value addition that a lawyer could provide. Anyway, I am going to buy a book from Nolo Press on this subject to see if I can figure it out myself.

[carlsbadworker]

scaredy, but that doesn’t mean the lawyer you pay thousands dollar to can’t be equally clueless. Most people has simple straightforward living trust, so I can’t imagine what’s the huge value addition that a lawyer could provide. Anyway, I am going to buy a book from Nolo Press on this subject to see if I can figure it out myself.

[carlsbadworker]

scaredy, but that doesn’t mean the lawyer you pay thousands dollar to can’t be equally clueless. Most people has simple straightforward living trust, so I can’t imagine what’s the huge value addition that a lawyer could provide. Anyway, I am going to buy a book from Nolo Press on this subject to see if I can figure it out myself.

[carlsbadworker]

scaredy, but that doesn’t mean the lawyer you pay thousands dollar to can’t be equally clueless. Most people has simple straightforward living trust, so I can’t imagine what’s the huge value addition that a lawyer could provide. Anyway, I am going to buy a book from Nolo Press on this subject to see if I can figure it out myself.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive and smart.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive and smart.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive and smart.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive and smart.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive and smart.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive but is a smart decision.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive but is a smart decision.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive but is a smart decision.

[profhoff]

It’s not trivial. We had an attorney do it. There are a surprising number of issues that come up, as an earlier poster mentioned, with many decisions that must be made. I can’t imagine figuring out how to do all this myself. Plus, I think a lot of people make mistakes, even with attorneys, because they set up the trust and then they don’t fund it. If you don’t fund it, there’s really no point because the assets aren’t protected.

In the state of California, I really think if you have assets you want to shield from probate, an attorney is not cost prohibitive but is a smart decision.

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