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Old 08-30-2023, 08:14 AM
retiredguy123 retiredguy123 is offline
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Originally Posted by Sparky6236 View Post
Why do you need a trust? Unless you have in excess of 10 or 11 million dollars, it's a waste of money. If you are not that super rich just make sure that your beneficiaries are up to date.

You may want to get in touch with Jean Dorrell at Senior Financial. She or someone on her staff could provide good info. She also conducts seminars on the topic. (352) 307-8652
I agree. For most people, a trust is a waste of money. Put all of your assets into TOD (transfer on death) accounts and name a beneficiary. If you have real estate in Florida, change your deed to a ladybird deed. Then, everything gets transferred on death with no probate required. But, lawyers love to sell you a trust.