[barb1191]

Originally Posted by skyguy79

Please clearify the above statement I made bold. We just executed a Revocable Trust this past week in NYS and there is no requirement that we must place all holdings in the trust; we only need to place in the trust what we want to place in it. Could you have been implying "must" as in if you want the holdings to be protected by the trust or could it be possible that the laws of MA are different than in NY? The latter wouldn't surprise me if it were the case!

What I meant as "must" is whatever probate requires, include in your trust to avoid having to go thru probate. Yes, you are correct in that you do not have to put everything in the trust. Suggest that you question your attorney on your queries.

I did this trust about twenty years ago and when I bought here in TV my home deed is in my trust name i.e., "MY NAME Revocable Trust" is on my deed to my properties. Made this so long ago that I really don't recall all the details other than my daughter will get everything without having to go thru probate. When my mother passed away, her attorney charged $10,000 to process her estate through probate; and that was over twenty years ago.