Reply To: SETTING UP A TRUST

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#136051
Comfortable
Participant

What is the cost of peace of mind? There is a lot to think about when looking at a trust. The attorney will make sure all of your property titles are in the name of the trust. Do you want any portion to go to charity? Should some funds be set aside for aging parents?
But from my own experience, I would ask you “How do your extended family members react to death?” When I was widowed my husband’s siblings were AWEFULL!!! We didn’t have any children and his will (not a trust) left everything to me. You want it to be fool-proof!! If there were any loophole in the document they would have made my life Hell!!
This is not the time to scrimp. Get a good attorney and a legally-filed trust.