Posted by George Marsh on April 01, 2013 at 17:01:48 from (50.104.195.160):
In Reply to: OT---Trusts posted by 8N'r--WI on April 01, 2013 at 12:21:46:
Real estate has to be transferred to the trust at the recorders office when you set up your trust.
If your personal propert goes over 50K, it will have to go to probate.
Some investments and life insurance, don"t have to go through probate or a trust, if there is already an established beneficiary. However some lawyers would like it if they did. Lawyers may charge 7-10% on your total estate, but in some cases they shouldn"t charge for life insurance or real estate in the trust.
This is what the lawyer told me that set up my estate.
May or may not be correct, you get what you have paid for here. George
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