Quote:
Originally Posted by retiredguy123
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.
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Wow, you guys brush with such broad strokes! A trust can be used to responsibly transfer estate funds to someone who is disabled and receiving disability funds from the state, if you do not setup a trust the additional funds will disqualify them for receiving their disability benefits....so the trust releases a set-amount each month.
So, it's not a waste of time or money searching for a trust attorney....you're welcome!