What is the name of your state? GA
I know everyone says establish a trust to bypass probate and pass on assets,
BUT
if the estate is very simple, ONLY Cash bank accounts and CD's.
No House, debts, mortgages or loans.
Will has been prepared, says everything is to be split 50/50, between 2 adult children.
Mom is 90. POA and health care proxy had been done 10 years ago.
Do we really need to set up a TRUST to pass on her assets ?
We thought by putting all pf our names on assets so they would pass easily to us in that way.
Mom is very stubborn and understandably does not want to talk about this.
There is so much info flying around I get confussed as to best course of action.
Please, It’s a sad topic to discuss but any honest advice or guidance would be appreciated.
Is a trust really necessary in our case?
And if so is there a simple,cheep painless way to set one up?
THANK YOU.
I know everyone says establish a trust to bypass probate and pass on assets,
BUT
if the estate is very simple, ONLY Cash bank accounts and CD's.
No House, debts, mortgages or loans.
Will has been prepared, says everything is to be split 50/50, between 2 adult children.
Mom is 90. POA and health care proxy had been done 10 years ago.
Do we really need to set up a TRUST to pass on her assets ?
We thought by putting all pf our names on assets so they would pass easily to us in that way.
Mom is very stubborn and understandably does not want to talk about this.
There is so much info flying around I get confussed as to best course of action.
Please, It’s a sad topic to discuss but any honest advice or guidance would be appreciated.
Is a trust really necessary in our case?
And if so is there a simple,cheep painless way to set one up?
THANK YOU.