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Money and Finances
Reply to "Estate planning - what type of trust?"
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[quote=Anonymous][quote=Anonymous]It seems that avoiding probate is another issue we didn't talk about, and a living trust would do that. Would that be a reason to have one?[/quote] That's usually the #1 reason that attorneys will give you, but unless you have a particularly complicated estate, it is really not necessary. I've taken several estates through probate in different jurisdictions as an executor (and not an attorney), and it is really not that big of a deal. My legal fees for a local estate attorney were much less than what the deceased would have paid for establishing and maintaining trusts.[/quote]
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