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  #21  
Old 02-12-2018, 07:24 AM
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daca55 daca55 is offline
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:agree


Quote:
Originally Posted by aninjamom View Post
Yes, it's a good idea to have it reviewed by a lawyer here. There are laws that vary from state to state. You don't need a whole new one, but you might have to edit a little.

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  #22  
Old 02-12-2018, 08:14 AM
OhioBuckeye OhioBuckeye is offline
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Quote:
Originally Posted by tom_sjc View Post
Googled it and according to legalzoom living trusts are good in any state.

Any comments to the contrary?
That's funny that this came up about Trust & Wills. We just had ours redone her in FL. from OH. Yes, they are good here BUT if you don't have it redone here, you'll have to pay Probate 7% upon death. Now I know some people might argue that point with me so I suggest you ask a lawyer, they'll probably answer that question free of charge. Sounds like a lot of people are getting different answers.
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  #23  
Old 02-12-2018, 08:23 AM
OhioBuckeye OhioBuckeye is offline
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Quote:
Originally Posted by aninjamom View Post
Yes, it's a good idea to have it reviewed by a lawyer here. There are laws that vary from state to state. You don't need a whole new one, but you might have to edit a little.
You're right, have a lawyer answer that question. You probably won't have to let them see your Will or Trust to find out if it will be honored here in FL. It's just I was told by several people that it would be honored here but you'll have to pay Probate 7% unless you have FL. notarized it. We just had ours done & notarized a month ago!
  #24  
Old 02-12-2018, 08:46 AM
erojohn erojohn is offline
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We had wills revocable trust poa medical ,the whole package for less than 800. No doubt you will be putting Florida property in your revocable and-bank accounts in the trust also.
Our attorney Andrew Curtis was very helpful and have nothing but praise for him.
We had to do a little leg work to get everything titled into the trust as we knew we would. If your existing trust is irrevocable you may be stuck with it. Do yourself and your heirs a favor seek competent lawyers to assist you.
  #25  
Old 02-12-2018, 10:04 AM
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billethkid billethkid is offline
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If this is where your permanent residence is, then it is a wise move to update wills, trusts, estate planning, et al to Florida law/statutes/etc.

There is little or no advantage to keep the current documentation in a different state, other than not spending the "few" dollars it costs to update.

And as we all know, those things we only do once per year or several years need reminding in our own minds let alone local laws effects/impacts.

And....there is no doubt one learns something when updating and more so updating to a new state.

Provides peace of mind, eliminates second guessing and avoids interpretive fees at some future date.
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  #26  
Old 02-13-2018, 11:33 AM
tom_sjc tom_sjc is offline
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Set up a meeting with Amy Pitman during our Preview week in April.

Had an open house on our condo here in San Jose this past weekend. Real Estate is pretty hot here. So, looking to figure out the trust before purchasing something in TV.
  #27  
Old 02-13-2018, 11:51 AM
Susan Stewart Susan Stewart is offline
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Highly recommend you see a FL attorney to review your trust and other estate planning papers.
We had an IL trust when we moved here last summer. We put our new TV home in the IL trust and the title company required that they review the trust to make sure it was compliant with FL law. Turned out it was.
But when we went to the FL attorney last week, she informed us that there were things that needed changing. We're keeping the IL trust so we don't have to retitle our assets - but she will create another document (I forgot what's it's called) that will modify our IL trust so that it's FL compliant.
That said she's also going to create some additional documents to replace the IL documents including Health POA and some of the others.
Re: the lawyers that said they wouldn't review out of state trusts, I would find a different lawyer. We scheduled consultations with 2 different attorneys who would review our IL docs. Both consultations were no charge. We decided to move ahead with the first attorney because we listened and found her to our liking and her costs for revising our docs was reasonable.
  #28  
Old 02-13-2018, 02:07 PM
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Sales appear to have been very hot in San Jose with many properties selling way over asking prices. I don’t know how it is right now but this shows how it was in recent years. What Bubble? Record Number Of Houses Selling For $500K Over Asking Price | Zero Hedge
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  #29  
Old 02-20-2018, 11:15 PM
pauld315 pauld315 is offline
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Speak to attorney Andrew Curtis. All he does is trusts. He told a roomful of people a week ago at a meeting I was at that he normally just needs to add an amendment to a trust from another state.
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