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Old 07-07-2020, 04:32 PM
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Default Attorney fee

I am updating my will, and this attorney would like to charge $3,500 to do the following:

1. Revocable Living Trust - This will be a living trust that we move all of your property into today. While you are living, you and your spouse will be the Trustees of the trust. Upon death of the first spouse, the community share and separate property of the deceased spouse will be moved into a new trust (without probate) and the trust will become irrevocable. Upon the death of the second spouse, the trust will be distributed to your siblings, no matter what order the spouses pass.

2. Pourover Will. This will be a very basic will that leaves everything to the trust.

3. Updated medical POA, Advanced Directive to Physician, Durable POA, and HIPAA Authorizations.


I charge a flat rate for this of $3500.00. This covers the cost of moving your assets into the trust as well.

Is this a far price? Seems high to me.

Thanks!
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Old 07-07-2020, 04:35 PM
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I had the same thing done by one (1) of the best trust lawyers in town.

I paid $2,500.00

Good luck
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Old 07-07-2020, 04:42 PM
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Depends on the market in your community. Around here, rates are low, likely less than $350/hour most of the time. Bigger cities, the rates might be higher. If you are in Dallas or Houston, the rates will be higher than if you are in some small town halfway between Amarillo and Abilene.

I don't do that kind of law, so judging the complexity and market rate specific to that is not my thing. My best guess is that it is a day's work for someone who knows what they are doing and is trying to do it correctly.
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Old 07-07-2020, 04:49 PM
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Originally Posted by leswad View Post
I am updating my will, and this attorney would like to charge $3,500 to do the following:

1. Revocable Living Trust - This will be a living trust that we move all of your property into today. While you are living, you and your spouse will be the Trustees of the trust. Upon death of the first spouse, the community share and separate property of the deceased spouse will be moved into a new trust (without probate) and the trust will become irrevocable. Upon the death of the second spouse, the trust will be distributed to your siblings, no matter what order the spouses pass.

2. Pourover Will. This will be a very basic will that leaves everything to the trust.

3. Updated medical POA, Advanced Directive to Physician, Durable POA, and HIPAA Authorizations.


I charge a flat rate for this of $3500.00. This covers the cost of moving your assets into the trust as well.

Is this a far price? Seems high to me.

Thanks!
More that I/we paid, even allowing for the difference in time.

Did it though a firm that specializes in elder law
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Old 07-07-2020, 04:56 PM
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Covers cost of moving assets? So deed and recording fees for real estate, all the phone calls and paperwork for brokerage accounts, beneficiary forms for retirement accounts - depending on what assets you have and how the custodians of those assets deal with things, this could be a bargain.
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Old 07-07-2020, 05:06 PM
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$5,250 for setting up the Irrevocable Real Estate trust and a Pooled-income (Theresa Foundation ) Medicaid trust in NYC about 5 years ago. Money well spent.

Last edited by bigwheelzip; 07-07-2020 at 05:11 PM.
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Old 07-07-2020, 05:07 PM
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Price is reasonable if it's all prepared in legal size paper. If it's in letter size don't be fooled, demand a discount!
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Old 07-07-2020, 05:13 PM
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as stated previously.. with it including the transfer of assets it "feels" like a reasonable fee... we paid $2750 with out the transfer portion years ago...
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Old 07-07-2020, 05:28 PM
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$3500 is in the ballpark, but to some extent it depends on the complexity of the assets. The Revocable Trust generally anticipates there will be a third-party trustee to administer the trust in the event both spouses die. It's a good idea to select that Trustee in advance. Almost all larger banks have a Trust department, and there are also private trustees. Talk with several to ask questions, determine fees, and form an opinion.

Do not neglect some simple things, such as doing a Transfer upon Death Deed for your real property (including your home) if that option is available in your state. Also sign your auto titles and a state auto transfer form while you are alive. Make sure your retirement, bank, and brokerage accounts are held jointly, or name a contingent beneficiary. Main thing is to keep as much as possible of your estate out of probate, if not all of it.

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Old 07-07-2020, 05:57 PM
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Do you keep all your records in a shoe box?
That can affect the price considerably.
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Old 07-07-2020, 06:07 PM
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Too many unknown factors to give you an accurate answer.

I'm not in Texas and don't practice law there ..... or anywhere for that matter.

So, you need a lawyer experienced in this stuff who practices in your state.

But ... my experience researching this stuff in IL indicates (at least in IL) if your estate is valued at less than $5 million you're wasting your time and money. TX is likely different.

Regardless, you need a lawyer.

Seems logical that the lawyers fee would be directly related to:

- size of your estate
- particulars of your finances and property
- your lawyers competence, or lack of LOL

Good luck to you sir.

Don't waste your money on a Trust you don't need.
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Old 07-07-2020, 06:13 PM
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Post Who do you Trust?

Everything is bigger in Texas.

Could be a bargain. I'm going to have to study up on Trusts.
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Old 07-07-2020, 06:23 PM
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The few trusts I have closely observed have turned out to be disasters. Perhaps they were poorly written but the money did not go the way the trust stipulated and was either lost or ended up as a court battle and only a partial return. Greed seems to take over and a lot of families contain people who would cheerfully slit each other's throat for one dollar. If you have a simple family with only one marriage each and one child, your chances of success are probably greater. Good luck!
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Old 07-07-2020, 07:41 PM
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Does one really need a trust?
What does a trust get you?
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Old 07-07-2020, 07:54 PM
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Those estate planning packages are very popular with the bar. They’re great revenue generators.

They’re usually sold to “avoid probate”, as though probating a will is a big deal. In many states (Colorado is one) it’s a simple process.

The trusts commonly create problems that result in having to both administer a trust and probate the estate.

I’ve rarely found a client whose situation couldn’t be more economically addressed with a will.

Have a heart to heart with the lawyer and understand what the structure you’re contemplating is supposed to accomplish that a less cumbersome structure won’t.
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Old 07-07-2020, 07:55 PM
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Does one really need a trust?
What does a trust get you?
Depends on your asset types and amounts, and what you want done with them after you die. Best discussed with your lawyer. Answer could be yes or no. Many common assets such as real estate, brokerage accounts, IRAs, and bank accounts can be passed to your heirs immediately without a will or a trust (according to applicable state laws), and may not be subject to probate. You really want to avoid probate if possible. It can be expensive and time consuming.

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Old 07-07-2020, 08:26 PM
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Not out of line if you have a moderate sized estate. I always remind my clients that it is perfectly legal for them to do it themselves, or shop around to have some one do it for less. I even know a few guys who will definitely do it cheaper than me - if they are not busy trying to get drunk drivers out on bail.
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Old 07-07-2020, 08:29 PM
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Does one really need a trust?
What does a trust get you?
Unfortunately, I have been battling colon cancer for the last 5.5 years and want to make the process as easy on my wife as possible if something were to happen to me. My estate is not huge, but not chump change either, so I don’t know if I need a trust?
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Old 07-07-2020, 09:35 PM
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You are right to ask "why do we need a trust?" My Dad and step-mother had trusts. They married late in life. Dad was 80! They felt it was the best way to ensure their assets went to their respective families. I was Dad's personal representative, so I saw the results first-hand. In the end, everything worked out fine, but the lawyer who drafted the trust and then administered the estate was a knucklehead. There were plenty of legal costs to settle the estate. Had he done a better job (on both ends) the costs would have been less.

Certainly I'm no expert nor a lawyer. I think you're wise to figure out why you might need or want a trust and what you expect it to accomplish. If you think it's the right thing to do, then get a lawyer you can count on.
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Old 07-07-2020, 09:36 PM
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After my wife passed away I created a trust to make things as simple as possible for my children. I also had power of attorney drawn up for healthcare, which included explicit instructions about treatment. Another POA was created for financial issues if I became incapacitated and a pour over will. My real estate was made transfer on death to deal with those issues. I was involved in two probate cases and they were not pleasant.

I used an attorney who only dealt with estate planning, probate etc.. I thought it money well spent. I had used him twice before on the probate cases and had great confidence in him. I sleep better at night.

A good article by my attorney: 10 Estate Planning Steps to Avoid Family Inheritance Disputes | Law Offices of Jeffrey R. Gottlieb, LLC
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Old 07-07-2020, 09:52 PM
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I had used him twice before on the probate cases and had great confidence in him.
Leswad—the advice above Is the most outstanding in a thread filled with excellent advice. If there is anything I have learned from 30 years in the practice it is this—if you have met with him or her and are questioning their fees on the front end, go elsewhere.

This is akin to buying a gun. It has a bit too much turn-line. And that chip on the grip bothers you. And that trigger pull seems gritty, but you think you can get use to it. As we all know, every one of those flaws simply gnaw away until you wish you had never bought the gun.

If you are having the slightest doubt on the front-end it will do nothing but get worse on the back end. Do the attorney and yourself a favor, go elsewhere to someone in which you have complete confidence.
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Old 07-07-2020, 10:07 PM
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Our living trust was set up about 5 years ago. Law firm only deals in trust's.
Think it was less then $2,000.
I'm happy with the firm so far.
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Old 07-07-2020, 10:19 PM
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This is timely we are just completing setting up our Trust. A friend from church is an attorney and he took care of it for us after I bombarded him with questions over the last year or so deciding between a Trust or a Will. I won't say what he charged us but it was considerably less than what you were quoted but he is a friend. Now some details that may or may not be helpful.

Someone asked the difference between a will and a trust. FIRST - I AM NOT AN ATTORNEY nor did I stay at Holiday Inn any time lately. We have some rental property and if we both pass away while owning the property, things pretty much stop. It is hard for the estate to do business, get things fixed, collect rent, evict, etc because technically all assets are tired in probate court. And you have to pay an attorney to settle the will/estate and wait until it goes through the court system. I was told the going rate around here is 6% of the estate to settle a will. The other option is a Trust which cost more up front but almost immediately upon our deaths, our two kids can conduct all business, sell the rental property, sell our home, cars, access our investments and bank accounts. Seemed like a no brainer to us. Our kids live in different states and I just don't want them to have to mess around with our estate.

We have all of the same document the OP has including a pour over will. In case you would ever inherit something you forgot about or that comes along later, the pour over takes care of it. Essentially my wife and I are the Trustees and we have named our son (oldest) as the next in line. Assuming I go first, my wife just keeps doing whatever she wants and when she passes, our son can do any business immediately and doesn't need to get court or attorney permission.

Now, I will say, our attorney did all the paperwork documents and transferred all of our real estate property into the trust. Essentially we sold all of our real estate to the trust for $1.00. Sounds weird but it shows a transfer. We are in the process of getting vehicles put in the trust, not a big deal. We have multiple IRA joint and individual accounts and an after tax account with Schwab. The one thing I learned is they cannot tell you how to transfer accounts to the trust, your attorney has to do that. Again, he told me what to do and I did it all. It was not a big deal. Took me maybe a couple of hours. With IRA's all you do is change the beneficiary to the trust name. Investment accounts that are non IRA, after tax you have to get some forms signed by you and your wife but again, not a big deal.

We took a copy of the trust document to our bank and got our two accounts put in the Trust name. When we were meeting with with the bank officer I asked her if we died tonight could our son come in and write checks, pay bills, empty accounts tomorrow and she said absolutely. That is what I wanted.

Now the fine print. Our attorney flat out said that many attorneys are "crooks." They can charge a percent of the estate to set the trust up or a fee and then a percent when the trust changes hands, around 2% is common around here. We are farming area and estates can be rather large when land transfers. You will also pay an attorney to settle a will through probate and I did not want my kids to have to wade through that. I am confident we made the right decision and I am thankful for my friend walking us through this labyrinth.

Keep in mind, really what you are doing with a trust is transferring ownership from you/spouse to the Trust. Essentially, you personally do not own anything anymore, the Trust does.

I would gladly answer questions from my experience. I have an administration background so I ask lots of what if questions which help me understand, or at least I think I do! Best of luck with this
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Old 07-07-2020, 10:40 PM
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Many major law firms, in northern Illinois anyway, use an unspoken single digit percentage of the entire estates worth as a guide.

The cost is usually proportional to that whole amount and how the assets are currently structured. If you have substantial holdings in real estate, business and/or market investments, collections etc, be leery of the real "low" quotes.

The costs to make it right later in the future can pretty much absorb a greater amount that otherwise would have been available to your heirs. Not to mention the headaches.
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Old 07-07-2020, 11:20 PM
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Maybe you've done this but ..... you have a trusted CPA and investment guy you can ask about this?

Won't hurt to get all the info you can. Again, be sure you really NEED a trust.

We've found out that we don't.

A (now deceased) friend set up a trust that let him handle his money from the grave. It was a nightmare for his widow and in hindsight, the widow and his kids agreed that trust was a huge mistake.

Oh, and remember that there's nothing you can do if someone goes all psycho after you're gone and stirs trouble about the money. It can happen even if you have a trust.
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Old 07-07-2020, 11:45 PM
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Why have a trust? I went through this whole thread and did not see these issues mentioned.

A probated will becomes a matter of public record. Anybody can walk into the Register of Wills office and read your will to his heart's content, and learn what you had and who is going to get it. A trust agreement is not probated and does not become a matter of public record. The deed for real property necessary to convey the real property to the Trust would become a matter of public record, but until the Trust itself re-conveys the property that's as far as it goes.

For me, anybody who wanted to read my will would have to pack a lunch and a bottle of No-Doz. By that time I don't think I would be worrying about it.
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Old 07-08-2020, 10:01 AM
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My experience has been that most people who want trusts really don't need them. Now I don't represent super rich people, and for the most part not even rich people. I cannot wrap my mind around some of the prices people are happily paying for what is for the most part rote word processor generated paperwork. I'm embarrassed to tell what I charge for the usual will and end of life package I do for 99% of the clients I encounter.
There is a need for the services listed, but I live and practice in a poor area and the medicare planning, etc really doesn't come into play with my clientele. What usually happens is that while the second family is at the Funeral, the first family is looting the trailer and that pretty much settles the estate.
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Old 07-08-2020, 10:17 AM
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Gary—I have posted before, I do little to no estate work but had one where the relatives literally carried out a painting stepping over the decedent’s body in the foyer where she had dropped dead. They actually beat the coroner to the house. These were monied people too—I don’t think greed and avarice is restricted to either the trailer park or Beverly Hills!
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Old 07-08-2020, 12:16 PM
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Why have a trust? I went through this whole thread and did not see these issues mentioned.

A probated will becomes a matter of public record. Anybody can walk into the Register of Wills office and read your will to his heart's content, and learn what you had and who is going to get it. A trust agreement is not probated and does not become a matter of public record. The deed for real property necessary to convey the real property to the Trust would become a matter of public record, but until the Trust itself re-conveys the property that's as far as it goes.

For me, anybody who wanted to read my will would have to pack a lunch and a bottle of No-Doz. By that time I don't think I would be worrying about it.
I "think" I understand what you are saying. I agree to an extent. We researched both for over a year and decided a trust was best for us. Did we need it? Probably not. Do we feel more comfortable with the outcome with a trust versus a Trust? Yes

As I stated earlier, you are going to pay one way or the other, either you pay more (potentially) for a Trust up front and then most likely have no more costs verses a Will where the children have to hire an attorney and then it goes to court and everything is tied up and the estate pays for the attorney fees whatever they are at that time.

I am like you, my dead body won't care or know but my wife and I talk about making things as easy as possible for our two kids who live in different states and who knows where they will live in the future.

I admit our Trust is very basic. We have some commercial property and modest personal holdings. I don't want to leave it to an attorney to rip my kids off in the future. The language in a Trust can be as complex or simple as you want.
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Old 07-08-2020, 12:30 PM
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Wow! I never knew we had so many members of the forum who are lawyers.
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Old 07-08-2020, 01:07 PM
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When I was doing title examinations I had occasion to read a lot of wills. Some of them were quite entertaining, particularly when the daughter of a monied family didn't approve of the guy the daughter was involved with.
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Old 07-08-2020, 01:09 PM
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I did a few trusts and the total cost was $7,500.00 here in New York. The law firm only did estate and tax planning and they were worth every penny.

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Old 07-08-2020, 02:33 PM
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Most people (in Colorado) could go to Bradford Publishing and get boilerplate documents for only a few dollars. They cover pretty much everything.
They even leave a blank space to write who gets the Meissen figurine grandmother got as a wedding present.
When my father took the New York Bar (he eventually took and passed four bar exams. If you need advice on Arizona, pm me.) He said there was a five-point question: "Draw up a warranty deed."
One young man wrote: "Why should I, when I can buy one for a nickel?"
He got all five points.
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Old 07-08-2020, 02:50 PM
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Wills and Trusts can be tricky with more people involved. I was told about this one.

A guy went through and left % amounts to each of his children based on their needs apparently. One daughter only received a $1. I said that seems odd, why even list her. The attorney said you need to list everyone getting something so they can't come back and just say you forgot them. If they are in the will then you thought about them. Makes sense, of course maybe not if you are receiving the dollar!
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Old 07-08-2020, 03:35 PM
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Wills and Trusts can be tricky with more people involved. I was told about this one.

A guy went through and left % amounts to each of his children based on their needs apparently. One daughter only received a $1. I said that seems odd, why even list her. The attorney said you need to list everyone getting something so they can't come back and just say you forgot them. If they are in the will then you thought about them. Makes sense, of course maybe not if you are receiving the dollar!
"And to my secretary, Miss Smith, who I told I would remember in my Will, "Hello there, Miss Smith.'"
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Old 07-08-2020, 03:51 PM
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Did you try that guy oh what was his name, Saul Goodman, thats it. Had to make an attempt at humor after reading through this thread and seeing how expensive final estate planning can be. Hopefully I will go before the wife and she can get it all. only hope she will not sell guns & bikes for what i may have down played the real cost of for them....
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Old 07-08-2020, 03:53 PM
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I paid $5000 several years ago, for the same thing. Ours was complicated by having property in several states.
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Old 07-08-2020, 08:08 PM
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The price seems reasonable. I paid about $4K for our family trust and it had all the same provisions your proposal has. Now having said that, after my wife passed away the provisions for the split into two trusts kicked in and that was another $4K plus my CPA's fees to set it up with the ITS, etc. So, be aware you're not home free with the original fee. Ed.
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Old 07-08-2020, 08:47 PM
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You definitely need a trust. We finally convinced my parents to go that route, and sadly, Dad died 2 months later and Mom's dementia escalated to unbelievable levels.

You need an Elder Law attorney. Ours cost a lot more than 3500 but it was a one time fee. They took care of us until the trust was dispersed after Mom died, with no extra fees. In our case we needed them on an almost monthly basis.

The advantage was that they advised how to invest / disperse and take care of the assets so that in the end we paid no taxes.

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Old 07-08-2020, 09:05 PM
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I cannot contribute to this thread except to say thank you to everyone who has. I have a will and not enough assets to begin to think about trusts etc. I have however seen family(s) ripped apart fighting over property after a death and it isn't pretty. My mother-in-law (as we say) "didn't have a pot to pee in" but most of her nine children fought like cats and dogs over what little she did have.
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Old 07-08-2020, 09:18 PM
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Whether you need a trust really depends on the complexity of your estate.

Mine is pretty simple. All my accounts - retirement, investment, savings, checking, etc. have a named beneficiary or POD (payable on death) which means they can be transferred directly to that person upon my death with just a copy of the death certificate needed as proof. Those assets do not become part of my estate and do not go to probate. Now, this is in Texas. Other states may have different laws in that regard.

The only real property I own is my home. Due to Texas community property law the house is automatically 50% owned by my wife. Were I to die intestate, the other half interest in the home could be transferred to my son (our only living child) via a simple affidavit of heirship. At least that is what my attorney did (at a very modest cost) when my Mom passed. Were I to want my interest in the home to pass to anyone other than our son I would have to specify that in a will.
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Old 07-08-2020, 09:29 PM
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My experience has been that most people who want trusts really don't need them. Now I don't represent super rich people, and for the most part not even rich people. I cannot wrap my mind around some of the prices people are happily paying for what is for the most part rote word processor generated paperwork. I'm embarrassed to tell what I charge for the usual will and end of life package I do for 99% of the clients I encounter.
There is a need for the services listed, but I live and practice in a poor area and the medicare planning, etc really doesn't come into play with my clientele. What usually happens is that while the second family is at the Funeral, the first family is looting the trailer and that pretty much settles the estate.
Yes, you told me a few years back that it is hard to justify a trust with a broken Sears shotgun, a 1987 Silverado, a damaged double wide, three expired Viagra tablets and a stack of Playboy magazines.

Even when the money does not "require" a trust, the maturity, financial acumen or creditors of the beneficiaries too often does.
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Old 07-08-2020, 09:33 PM
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There is more than just probate avoidance.

Some trusts can help protect your assets from lawsuits.
Once you have transferred everything into the Trust, you have nothing left to sue for.

and
If you are concerned that your son's live in girlfriend may go for his inheritance; tie it up in a Trust.

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Old 07-09-2020, 08:25 AM
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Remarried relatively late in life with uneven incomes and uneven assets... and two separate families of heirs... the good wife and I feel that we not only need a trust, but we may need as many as three trusts. We came to that conclusion based on what others we know in the same circumstances have done, rightly or wrongly. I think it's going to cost us a bundle.
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Old 07-09-2020, 10:56 AM
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Remarried relatively late in life with uneven incomes and uneven assets... and two separate families of heirs... the good wife and I feel that we not only need a trust, but we may need as many as three trusts. We came to that conclusion based on what others we know in the same circumstances have done, rightly or wrongly. I think it's going to cost us a bundle.
This is similar to the situation I am in. My late brother passed a number of years ago, his wife, a couple of years ago. She was his trustee while she was living. She transferred about $250,000 out of his trust into her trust which was plainly contrary to the terms of his trust. . She then passed away and her daughter became her trustee and I became my brother's trustee. I am now in court trying to get back the incorrectly transferred principle plus earnings for 2 plus years. My brother was just trying to see that his money went to his children and now the money is sitting in her children's account. We may be successful in getting it back but it is a long and expensive battle and not what is usually promised when a trust is in place.
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Old 07-09-2020, 03:08 PM
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This is advice from experience. Pop had a trust in place while he was remarried. My stepmother predeceased him in May, 2015. Pop's health had some issues but he he was able to be at home and we had talked about being able to spend more time together, as I was contemplating retirement. With some assurances from me as to the outcome of some things, he had his trust re-written. It was a good thing he had that done when he did, because he only lived for 3 weeks after his trust was re-written, and we never got to spend the time together after I retired.

My brother was appointed as Trustee and I offer advice as requested. The most frequently discussed issue about money is "Are we making sure our sister is getting her fair share?"
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Old 07-09-2020, 04:28 PM
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We did a trust for my mother in law before she passed. A local elder law atty did it for us. It was less than $1500 and was very simple. As executor and trustee, it was relatively simple to dispose of assets and sell the house. No attorney involved at all after her death, other than to meet once for some clarification and guidance. Mom passed at the end of November and once the inheritance tax return is accepted by the state I get the escrow funds returned, I will write three checks and be done.

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Old 07-09-2020, 04:51 PM
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There are some outstanding comments that have already been posted. The comments in my responses below are my opinions and are related to the contents of the above.

1. Wills - if you only have a will, after your death your Personal Representative or Executor will (and depending on the laws of your state):

Step One: Take the Oath of Office
Step Two: Collect the Assets of the Estate
Step Three: Pay the Debts & Expenses of Administration
Step Four: Sell Estate Property
Step Five: Complete and File Federal and Personal Tax Returns
Step Six: Distribute the Estate Residual Assets to the Heirs or Beneficiaries
Step Seven: File Returns and Reports
Step Eight: Close the Estate

End of Activity

2. Trusts- A trust is a separate legal entity that is under the control of a "Trustee" who has a "fiduciary duty" (responsibilities) to the beneficiaries of the trusts. These trusts are usually funded in Step #8 above and can operate in perpetuity. The structures of the trusts agreement are set forth by you and your wife or husband. The operation of the trusts is carried out as if you were still here, but there is no Internet service (that I know of) in Heaven. One of our sons is a "heavy spender" so we have a "spendthrift" clause in the trusts. Each of our two sons has his own separate trust, and will be a co-trustee, for at least five years. At that time he can receive all of the assets from his trust, or continue as a co-trustee. In our case, neither of our sons has the knowledge and experience to manage a large amount of money. We also have a clause which stipulates that none of his creditors or their lovers (neither is married) can file a claim against the trust assets.

3. Revocable Trusts - an attorney will have to prepare the trust documents ($$$). The trust has to be "funded" to become a legal entity ($$$) One or more persons have to manage the trust(s) as the Trustee(s), which has a "Fiduciary Responsibility" to the beneficiaries. Any asset that you have now that is titled (car, house, boat, airplane, vacation home, etc.) has to be re-titled in the name of the trust(s) ($$$) If the trust has income > $600.00/year a Federal, and (possibly the state, depending on your state) state income tax return will have to be filed ($$$) Presently you can do whatever you wish with these assets. You may not have that latitude any more for the revocable trust assets.

4. Probate - Not required in Georgia. In addition to what has already been posted, I'd like to add:

a. Our estate would incur unnecessary attorney and court costs (in our case probably in excess of $100-$200 K, or more). We do not want our sons to forfeit this amount from their trust asset funds!

b. The probate process can be a year or greater (COVID-19) and delay the creation and operation of the trusts for our sons

c. The outcome from the probate court, including our (and our sons) wealth, will ultimately become a matter of public record for anyone to view or obtain upon request.

d. We do not want our sons (and heirs) to be besieged with monetary requests from anyone, especially those who are committing a fraud!


Bill
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