John T----I always appreciate both yours and Mikes comments on these issues.
Some of the hot shots charge that 7% in my area as well....on a $1 mil estate that fee is pretty costly compared to the cost of a trust..even at 2%...
There are a lot of "small" farmers with 1/2 sections of land that are worth $3000/acre that may be better off paying the $3500 vs. the 2-7% "fee". Most of the operating farms are larger.
But...like both you and Mike said, most people walk out of the attorney office with that nice leather folder and then never follow thru with the written recommendation to title assets into the trust.....
WI affidavit range is 50K as well. Most "poor" folks can do just fine with jointly held assets, and P.O.D. and T.O.D."s.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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