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  • June 12, 2011 at 3:23 PM #703972
    profhoff
    Participant

    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.

    June 12, 2011 at 5:08 PM #703490
    scaredyclassic
    Participant

    true; there is plenty of incompetence. at least w an atty there’s someone to sue…

    June 12, 2011 at 5:08 PM #703637
    scaredyclassic
    Participant

    true; there is plenty of incompetence. at least w an atty there’s someone to sue…

    June 12, 2011 at 5:08 PM #702898
    scaredyclassic
    Participant

    true; there is plenty of incompetence. at least w an atty there’s someone to sue…

    June 12, 2011 at 5:08 PM #702800
    scaredyclassic
    Participant

    true; there is plenty of incompetence. at least w an atty there’s someone to sue…

    June 12, 2011 at 5:08 PM #703997
    scaredyclassic
    Participant

    true; there is plenty of incompetence. at least w an atty there’s someone to sue…

    June 13, 2011 at 4:02 PM #703826
    sdsurfer
    Participant

    I probably should have asked that question. I do believe he mentioned something about owning a few properties and not wanted anyone to know what he owns.

    He did state that he gets a lot of his properties through probate so maybe he is trying to avoid others doing the same thing with his properties someday.

    June 13, 2011 at 4:02 PM #704185
    sdsurfer
    Participant

    I probably should have asked that question. I do believe he mentioned something about owning a few properties and not wanted anyone to know what he owns.

    He did state that he gets a lot of his properties through probate so maybe he is trying to avoid others doing the same thing with his properties someday.

    June 13, 2011 at 4:02 PM #703088
    sdsurfer
    Participant

    I probably should have asked that question. I do believe he mentioned something about owning a few properties and not wanted anyone to know what he owns.

    He did state that he gets a lot of his properties through probate so maybe he is trying to avoid others doing the same thing with his properties someday.

    June 13, 2011 at 4:02 PM #703678
    sdsurfer
    Participant

    I probably should have asked that question. I do believe he mentioned something about owning a few properties and not wanted anyone to know what he owns.

    He did state that he gets a lot of his properties through probate so maybe he is trying to avoid others doing the same thing with his properties someday.

    June 13, 2011 at 4:02 PM #702990
    sdsurfer
    Participant

    I probably should have asked that question. I do believe he mentioned something about owning a few properties and not wanted anyone to know what he owns.

    He did state that he gets a lot of his properties through probate so maybe he is trying to avoid others doing the same thing with his properties someday.

    June 13, 2011 at 4:10 PM #703831
    sdsurfer
    Participant

    [quote=mike12]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.[/quote]

    Thanks Mike! Has anyone else gone this route or have any reason they believe it is not a good option?

    June 13, 2011 at 4:10 PM #703683
    sdsurfer
    Participant

    [quote=mike12]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.[/quote]

    Thanks Mike! Has anyone else gone this route or have any reason they believe it is not a good option?

    June 13, 2011 at 4:10 PM #702995
    sdsurfer
    Participant

    [quote=mike12]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.[/quote]

    Thanks Mike! Has anyone else gone this route or have any reason they believe it is not a good option?

    June 13, 2011 at 4:10 PM #703093
    sdsurfer
    Participant

    [quote=mike12]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.[/quote]

    Thanks Mike! Has anyone else gone this route or have any reason they believe it is not a good option?

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