Quote:
Originally Posted by caljeff
As with most things of a legal nature, requesting legal advice on a public forum like this you will get a variety of responses. In my view, one should consult an attorney who specializes in estates in a matter as important as this. That way...
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I agree with consulting an attorney. However, I would ask the attorney some hard questions about the need for a trust. I would also ask about future legal fees if you buy another house or make other financial changes that will require an update to the trust. A lot of people who go to an attorney end up buying a trust when they really don't need one. There are lots of free seminars with free dinners on how to avoid probate by putting all of your assets into a trust. They make it sound like probate is a complicated process that needs to be avoided at all costs. But, I have handled two probates myself, and it was not a big deal. And, there are less expensive ways to avoid probate without a trust. If you do buy a trust, I would insist on a fixed price from the attorney, not an hourly rate.