[diva1]

Originally Posted by retiredguy123

I agree that discussing this with an estate attorney is a good idea, and Amy Pittman is a good choice. She prepared my will.

But, most estate attorneys will tend to lean toward preparing a trust for you, and a trust is much more expensive than a will. A trust also requires updating when you sell or purchase additional assets. The main selling point for a trust is that you can often avoid having your estate go through the probate court system. If you have a complicated estate and multiple heirs, the trust can be a good idea. But, if you have a simple estate and only a few or no heirs, your assets can be arranged as "payable on death" and avoid probate even without a trust. That is what I have done. Also, I have personally handled two probate estates for deceased relatives, and it is nowhere near as complicated as some attorneys claim. I would suggest talking with an attorney, who will meet with you for free. But, before agreeing to go with a trust, you should fully understand how it works for your estate, and whether or not it will be advantageous for you. Good luck.

A trust does not require updating if you acquire new assets. You simply put/title the new asset in the trust. The best thing about a trust is the avoidance of taxes by those who are it's beneficiaries. But please do go see an attorney.