We got rid of the revocable trust, life insurance trust and wills. Facts changed.
Replaced with extremely simple wills. Everything to spouse and then split 50/50 to the kids.
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We have both revocable and irrevocable trusts. You didn't allow that option. We've had them long enough I don't remember the cost but I suspect a few $K
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My wife and I have wills that are quite old and need to be updated because they create trusts and have guardians for the (now adult) children. The updates should be more straight-forward that the old wills, but we will probably also create a revocable living trust for the rental properties in preparation for owning them out of state since we plan to move when I retire. A trust helps in that scenario to avoid probate in two states.
Quoted price from lawyer for two wills and one trust $1000. I can do it with Nolo software for no additional cost over the software, which I bought for $50. However, my wife won't trust them.
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Isn't it state dependent? My understanding is that in some states it does you little to no good.
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"living trust" has literally been on my to-do list for almost a decade now....
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dont have either.
one should if you buy a house or have children.
good book to start: living trusts for everyone by sharp.
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I have a will that will create a trust upon death. Some of the beneficiaries are pretty self-destructive on the money front. I piggybacked off another family member, her cost was $5k flat fee.
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Do you have a trust?
45I have a revocable living trust +/- will42.22%19I have an irrevocable trust +/- will0%0I have a will only26.67%12I don't have any of those crazy things31.11%14How much did it cost to do whatever you have?Tags: None
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