[Woodbear]

Originally Posted by jimbomaybe

I am surprised no has mentioned a trust, property passes w/o probate, as simple or complex as you need ( in addition to a will)

A trust offers complete avoidance of probate when funded properly. You can also protect your children and grandchildren from others that may not have their best interest in mind.

A will is ok, a trust is better

[Eg_cruz]

Originally Posted by jayerose

Good evening,

Newly married here in The Villages.

The house is in my name and I had a will drawn up.

Would my husband also need a will?

He has adult children, some mutual funds and bank accounts.

thank you!

Call elder law attorney Jenifer Henson 330-3369

[retiredguy123]

Trusts are appropriate for some people, but most people don't need one. Lawyers like to sell trusts because they are usually more expensive than wills, and they often require updating. A lot of people have a trust that they don't need. I had a friend who passed away last year. He had an inch thick trust for many years, that cost him thousands of dollars to prepare and update. But, his only heir was his only son, who was a stock broker and had full knowledge and access to all of his assets. When he passed away, the son came to The Villages, sold the house and cars in about a week, and went home. I think the trust was a complete waste of money.