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T
Leaving home to my son
hi tm, i really dont see much of a downside to a trust. are you counting the one-time need for re-titling ? i suppose that is a bit of an inconvenience. but if that is your biggest downside, i dont think you have much to fight with !! if a person is not gonna have the trust live on, then he...- TrustUser
- Post #15
- Forum: Wills, Trusts and Estate Planning
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Leaving home to my son
i agree with you about the bias of the complainers. but i was really talking about the posters on this site, trying to help. i dont recall even 1 poster making that sort of comment to anyone (i.e. how it would have been better had he been put on the deed before his parents died). i only...- TrustUser
- Post #12
- Forum: Wills, Trusts and Estate Planning
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Leaving home to my son
in all my years on this site, i have never seen even once someone write "gee, that is too bad the child was not placed on the deed before the owner died". on the other hand, as ron mentioned, we have all lost count of the number of times when the reverse was said !!- TrustUser
- Post #9
- Forum: Wills, Trusts and Estate Planning
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Leaving home to my son
i also think that it is VERY RARELY a good idea to put a child on your deed, before you die. of course, i also do not like wills. i do not get the idea that the op is gonna see a lawyer. he already has his living will and power of attorney ready to go. so unless he could give me an exact...- TrustUser
- Post #8
- Forum: Wills, Trusts and Estate Planning
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Validity of spendthrift provision in a last will and testament [Colorado]
there is also something called a spendtrift clause or provision in a trust. it is important if the purpose of the grantor is to keep the trust alive, after he dies. the purpose of the clause is to keep creditors of a beneficiary of the trust from being able to attach liens to assets in the...- TrustUser
- Post #6
- Forum: Wills, Trusts and Estate Planning
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Real Estate Transfer on Death
thanks, i think of that as being very simple- TrustUser
- Post #25
- Forum: Wills, Trusts and Estate Planning
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Real Estate Transfer on Death
thank you. that is what i was asking for. a state or even a county in which the preferred method was strictly titling in the trust name only. i may actually like this method, better. am i correct in thinking that a statement of authority is gonna look much simpler to a non-lawyer ? simple...- TrustUser
- Post #22
- Forum: Wills, Trusts and Estate Planning
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Real Estate Transfer on Death
that was a mistake i made early on, cuz i did not want to put my name on as the trustee. all my research was almost unanimously telling me the same thing. i am guessing that the overwhelming percentages tell you to put the name of the trustee on the title. i also stated that it was not a do or...- TrustUser
- Post #20
- Forum: Wills, Trusts and Estate Planning
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Real Estate Transfer on Death
in what situations are you referring ?- TrustUser
- Post #18
- Forum: Wills, Trusts and Estate Planning
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Real Estate Transfer on Death
even in california, we have tons of people advertising trusts for 500 or so any typical trust will suit you fine, if all you want to do is distribute everything when you die the main reason for a better trust is if you want the trust to remain after you die- TrustUser
- Post #17
- Forum: Wills, Trusts and Estate Planning
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Real Estate Transfer on Death
actually, the correct way to title an asset is to the trustee of the trust. that is not to say that there are not some incorrect deeds out there with only the trust name. however, as has already been stated, that name would be the op. the person that takes over the handling of the trust (upon...- TrustUser
- Post #10
- Forum: Wills, Trusts and Estate Planning
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Estate tax exemption is only 60k for US citizen but not residing in USA?
hi tm, have they changed the way they do capital gains taxes ? i dont think i have ever claimed a capital gains tax, so it may simply be that i was never correct about it. but i was under the impression that only a percentage of the capital gain itself, was added to ordinary income, and then...- TrustUser
- Post #7
- Forum: Wills, Trusts and Estate Planning
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Simpler way to handle living trust/will for property than transferring into a Trust
tm answered that question exactly, for me. i put all of my long-term properties in their own separate trusts. so that requires creating a new trust document, printing it out, etc. i do realize that having separate trusts while i am alive may or may not be of help to me. but it will certainly...- TrustUser
- Post #21
- Forum: Wills, Trusts and Estate Planning
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Simpler way to handle living trust/will for property than transferring into a Trust
hi ron, lately in california, the lenders/title companies are becoming fussier. i used to just send them the certification. they didnt even want the full document. and often they would just make you sign their cert. but now they are wanting to see the full trust. with the properties that i...- TrustUser
- Post #17
- Forum: Wills, Trusts and Estate Planning
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Simpler way to handle living trust/will for property than transferring into a Trust
you can still make offers using just your own name. how you hold title is taken care of in escrow- TrustUser
- Post #10
- Forum: Wills, Trusts and Estate Planning
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Is the will invalid?
it will probably work out for you. i was just making some statements about how i think a creditor would feel about the situation. good luck !!- TrustUser
- Post #41
- Forum: Wills, Trusts and Estate Planning
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Is the will invalid?
while i still think that trusts do a better job, i will grant you that a well written document is a big plus, in either case- TrustUser
- Post #40
- Forum: Wills, Trusts and Estate Planning
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Is the will invalid?
trusts may be subject to attack, but the percentages are way, way less avoidance of probate is probably the number one reason why people get trusts- TrustUser
- Post #37
- Forum: Wills, Trusts and Estate Planning
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Is the will invalid?
hi tm, mine was a special case, that i really didnt understand. the owner of the property mgr was supposedly placing funds into a trust account. and it turns out that it was in some sort of trust account. she committed suicide, cuz she was caught robbing peter to pay paul. had the court...- TrustUser
- Post #35
- Forum: Wills, Trusts and Estate Planning
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