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Reply to "Do you have a will?"
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[quote=Anonymous][quote=Anonymous]We have an old, outdated will. We are in process of setting up a trust. Go one step further and do a trust, OP. Hoping that we will inspire my ILs who insist they will simply have "the kids handle all that stuff" (and it's just DH and his recently divorced sister, embroiled in a custody battle and always skating on the edge of joblessness and financial ruin). My parents set up a trust and we've already experienced the simplicity and easy transition that occurs with a trust after my parent died. [/quote] The additional expense and hassle of setting up a trust is worth it in some jurisdictions, but not others. Please don't take legal advice on this forum. Talk to a a estate planning attorney in your jurisdiction for advice. [/quote]
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