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Reply to "Cost of Estate Planning"
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[quote=Anonymous][quote=Anonymous]Avoid probate, set up the trusts. And...make a directive to move assets if the estate tax threshold moves down. And...if there is a spouse who is in need of chronic care, make sure there is a trust established to take care of them, rather than burden the kids with it. They will have enough on their plate managing the parent who still needs care, to have to fund it as well.[/quote] The thing is for the substantial majority of folks probate can be largely avoided simply by using beneficiary designations on their accounts combined with (subject to availability by state) a ladybird deed on the house. Sure, if you have a special needs child or some other type of complicated estate (i.e. a business) then these other options come into play. I think a trust has value if you have minor children.[/quote]
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