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[quote=Anonymous][quote=Anonymous]We settled an estate via probate (DH was executor, although I handled a lot of the grunt work). Probate demands a lot of accountability from the executor. At the same time, if you need a little hand holding, they're there to help you out.

I don't know why people opt for trusts. Trusts make it so easy to steal money, they're a recipe for permanent family rifts. Nothing will cause a rift faster than siblings forced to take legal action against a family member - or watch that family member steal the trust blind. [/quote]

Because lawyers make money setting up trusts and convince people that probate is some terrible process. There are states where probate courts are so messed up that a trust is the preferable path, but in many cases the protections provided by the probate process absolutely have value.

I don’t hate lawyers, I am one, but trusts are on of those areas where many lawyers absolutely do not serve their clients’ best interests. I go by the fact that I am a lawyer and every single well-regarded estate lawyer I’ve talked to has said a revocable trust is not only not necessary, but not recommended. I also blame the fact having a trust seems like something that “rich” people have and also makes people feel like they’ve circumvented the system, somehow. So it’s an easy sell. [/quote]

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