What is the name of your state (only U.S. law)? Georgia
My Dad is a widower with three adult children. He wants to create a Living Trust to prevent us from having to go through probate process. *He already has a will, of which I (his daughter) am executor. I am also his POA. He has agreed that his house and belongings be sold upon his death and the proceeds be split equally amongst us (the principal beneficiaries.) The only tangible things of value he has are the house and two vehicles. *All other assets (checking accounts, IRA, life insurance) already have updated beneficiary designation. Is there any specific verbiage that he needs to be aware of to include in the Trust to prevent 'conflict' if you will? *Needs to be very specific in other words? We anticipate some resistance from my brother's wife, and would, thus, try to prevent if possible. Thank you.What is the name of your state (only U.S. law)?
My Dad is a widower with three adult children. He wants to create a Living Trust to prevent us from having to go through probate process. *He already has a will, of which I (his daughter) am executor. I am also his POA. He has agreed that his house and belongings be sold upon his death and the proceeds be split equally amongst us (the principal beneficiaries.) The only tangible things of value he has are the house and two vehicles. *All other assets (checking accounts, IRA, life insurance) already have updated beneficiary designation. Is there any specific verbiage that he needs to be aware of to include in the Trust to prevent 'conflict' if you will? *Needs to be very specific in other words? We anticipate some resistance from my brother's wife, and would, thus, try to prevent if possible. Thank you.What is the name of your state (only U.S. law)?