Quote:
Originally Posted by Boomer
EEK!
“Penny-Wise and Pound-Foolish”
If I were you, I would not trust such an important financial maneuver to an online site.
Spring for an attorney and make it one who specializes in real estate. (Also, as someone else in this thread mentioned, the sheer volume of info gathering that site is doing could mean who-knows-what kind of doors are opened.)
Too often people make snap decisions about the deed to their house because they think they are doing the “smart” thing.
(Another classic example of penny-wise and pound-foolish is when an owner puts the heirs’ names on the deed.)
Boomer
|
I agree with seeking legal advice regarding changing your deed. But, I don't agree with paying thousands of dollars for a revocable trust that you don't need. A friend of mine passed away last year. He had a trust document that was almost 2 inches thick, and during the time I knew him, he spent more than $5K preparing and modifying the trust. Every time he bought a new asset, he would call the attorney and pay him a fee to modify the trust. When he died, his son, the trustee and only heir, came to The Villages. He cleaned out the house, sold it and everything in it, and went home within a few days. I think the trust was a waste of money. I am just saying, that when an attorney suggests a trust, ask questions, and buyer beware.