[Scbang]

Originally Posted by markhollis

"I have found that a trust is pretty much necessary if you have out of state property."

My wife and I have been working with Susan Sullivan to finalize a FL-conforming will and trust. Our children are now 23 and 25, and we feel comfortable that they will be able to easily relate to Susan when the time comes, and that she will be able to work with them to accomplish our wishes at a time of their grief. We are making a 'family friend' and confidant of Susan.

Because we have a coop in NYC as well as FL, we created a RLT to hold all our assets which will avoid probate, attorneys, and waiting time in NY. We also placed our Villages home in the trust.

My mother, father and only sibling have passed, and I was responsible for everything for them, so we aimed for simplicity and ease for our heirs, and comfort and confidence for us. We trust Susan, who will also administrate the trust at least until our children are older. Susan can be one trusted advisor to them along with our investor advisor with whom they are already familiar. Susan will work together other advisors to help our heirs wisely use and preserve the assets we pass on, which is our wish for them.

For what it's worth.

Hi Mark, did you have to create a separate trust for your NY co-op? Also, does Susan have a partner or back-up attorney in case of sickness etc..?

Cheers!