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  1. #1


    I am a 60 yr. old married woman living in Mass. I own a mortgage free home valued at over $250K and have two married children living in Florida. I would like to set up a "trust" that will give me freedom to sell and give my heirs (1)a shield against inheritance taxes in the event of my death, and (2)a shield against any judgments or lawsuits. What kind of trust do you suggest? Do I also need a will? Thanks DD

  2. #2
    Join Date
    Dec 1999
    Several States
    I suggest that you read the Sections and Q&As on etstae planning, wills, and trusts on FreeAdvice.

    Control and Asset Protecion are often incompatible.

    If you have a total estate (assets plus life insurance and 401k etc.) of less that $675,000 Federal estate tax is not an issue.

    A Will is a necessity, even with a trust of any type to cover any proerty left out - like that lottery ticket you pick up just before soemthing happens.

    This is intended as general information only, NOT legal advice. You are not my client and I have no obligation of any kind to you. To retain a lawyer I suggest you go to www.AttorneyPages.com.
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