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Sunny
I have a will & trust. I’ve been dealing with probate from my dad passing.
There isn’t really even that much.
And it’s taking stupid long.
Mostly the attorney are lame AF.
Anyway, I’ve been reading how you should JUST have a trust.The attorney that did my will/trust said it’ll be another $2000 to start from scratch.
Cuz my last will/trust was amended to get my ex boyfriend off of it.
I don’t want 3 amendments. Just makes it so sloppy and confusing.
I don’t have alot of stuff.
I’ve already redesignated my beneficiaries on my account.
My house is lady bird deeded.
I have personal things like car and other property inside the house.
Do you think I could just do a template trust? What would be best solution?
Seems silly to spend $2000 on a trust redo when 95% of my stuff is already taken care of in beneficiary designations.
ArunTrust are usually recommended if assets are over 1.5 to 2 million.
Anything less usually a will is sufficient is the advice I got.
Trust are easy to get into and can be a pain to modify or getting out of.
CatherineWhat is the rationale to do only a trust? Usually you have a trust and a pourover will which basically “pours” anything you forgot to title under the trust into the trust.
Trusts are very complicated, and absolutely shouldn’t be diy but it’s hard to answer all your questions without reading the current trust and what’s wrong with it.
StefanieDIY estate planning can be disastrous. A trust isn’t usually necessary for just personal property but depends on the jurisdiction.
Get a second opinion from an attorney in your state.
In addition to appropriate transfers on death, you need to be protected during your lifetime with proper emergency documents.
ChloeI think a will and POA’s can be DIY if it’s simple enough – there are templates for each state online.
But trusts are more complicated, not to mention I think you then have to move your assets into the trust (new accounts), etc.
Also- what state are you in?
In North Carolina, you don’t have to go through probate if you have a trust.
Also when you see “just” a trust, I think that’s because the components of the will are technically incorporated into the trust (usually it’s part of it)
AC MorIt is worth the money to get the lawyers advice. There are things that will covers that a trust doesn’t.
And if you forget to put something in the trust, you’ll have to go through probate anyway.
Also, the manner in which you die, like a car accident, or medical malpractice may entitle your estate to more money.
A Will would cover that I believe .
KarenI have a side gig that you can do anywhere. Just need a phone. The sky is the limit on the income, just depends on the effort you put in.
Great thing is you pick your own hours.
If you are interested I’m willing to give you info
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