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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most people don’t need a living trust.  It’s a money grab by the estate planning trade.  It’s fine to direct the establishment of a trust in the event you die with minor children, but putting all your assets in a living trust is generally an unnecessary complication in life.  Don’t let the attorney convince you that it is necessary to avoid probate because that is “such a long and expensive process.”  That is also generally not true.[/quote]

This person says this every single post. Wills are public. Anyone can get a copy of your will after you die. Do you want the world to see, for example, that young children who lost both parents got a pot of money? The person posts that going through probate is easy. Bull. So many people will tell you otherwise. The trust directs things and makes it easier. I worried my kids would be at the mercy of an unscrupulous lawyer without the trust. [/quote]

You’d rather your kid be at the mercy of an unscrupulous trustee? Trustees have almost no formal oversight. You can do a quick search of this forum and find dozens of examples of people who got screwed by a trustee (whether through malice or incompetence) and ended up in litigation. The transparency and oversight of the Court process is a good thing. Having been through probate multiple times, I’m less concerned about randos googling the probate records than I am shady cousin Larry mishandling the estate (usually to his own benefit). [/quote]

This. My trustee has told me that she’s spending my trust on herself. What am I going to do, sue her? [/quote]

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