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Reply to "Family trust, where do I start?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do you want to do this? It's expensive, and it can be expensive to undo and many people decide they don't ultimately want a trust in their old age.[/quote] Can u elaborate a bit more about this? I have read a lot about this and have not found a lot of negatives opinions about having a family trust.[/quote] NP for us it's about properties in multiple states and probate. OP - we set ours up with the recommendation of our lawyer when we did our estate planning. We also set up trusts for each child. Ask your estate planner what the best options are for you and start there. You may not need one. Our lawyer said he only recommends them to folks with over $5M NW.[/quote]
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