Posted by Goose on March 12, 2012 at 18:32:23 from (166.250.97.199):
In Reply to: Re: Ot post: wills posted by az peapicker on March 12, 2012 at 17:01:04:
I'm in the process of having our attorney set up a revocable trust with all of our major assets listed, with my wife and I as co-trustees and our daughter as remainderman.
That way, if demographics hold true and I shove off before my wife, our daughter will become co-trustee with my wife. Or the opposite, as my wife looks at family medical histories and insists she's going to die before I do, even though she's six years younger than I.
Besides the other benefits of a trust, if whoever is the surviving spouse between my wife and I becomes mentally unstable with advancing age, it would prevent them from doing anything rash with our assets without the cooperation and consent of our daughter.
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