JML, In my semi retired law practice I do quite a bit of work in the areas of Probate, Estate Planning, Wills, Real Estate etc. and let me begin with this:
Take that question to a local competent experienced professional Real Estate and Estate Planning ATTORNEY and dont hang your hat and risk that kind of an important major decision on ANYTHING any lay or even professional person posts here (including myself, not having thoroughlly researched and studied your situation)!!!!!!!!!
Ive done several small estate plans AND NO TWO HAVE BEEN ALIKE. Whats best and perfect for one person or someone here who claim its right and they love it (By golly they had a free lunch at Holiday Inn and got a nice leather binder to hold their Trust and all for only $3500) MAY NOT be best for your situation. Your plan should be tailored to you NOT other persons or Billy Bob or your know it all brother in law down the road lol. Perhaps a Living Trust is in order as one of many tools to avoid probate or perhaps other less expensive less cumbersome methods may be best suited to YOUR (NOT someone here) SITUATION. For example, I had clients come to my office last year thinking because their deceased Dad had a Living Trust they could all sell the farm no problems no hassle no legal work required WRONGGGGGGGGGGGGGGGGGG It was the biggest mess I ever saw it would have been much easier and cheaper had dad did nothing. It was BOTH a Probate and NON probate mess grrrrrrrr
THAT BEING SAID (Lawyers love disclaimers) its generally true a conveyance of real estate (IF DONE CORRECTLY) to Joint Tenants with full rights of survivorship makes for an easy non probate event upon the death of one tenant. Title now vests in the survivors.
SO YESSSSSSS talking to "some" people or posters here a Living Trust is the way to go and theirs may indeed BE PERFECT FOR THEM but whether or not its perfect for you should be made with the help of a professional trained experienced ATTORNEY in my professional opinion instead of any lay persons.
Its your money and you're the one that bears the risk so deciding who to take advice from is YOUR CALL
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Tuning-Up Your Tractor: Plugs & Compression Testing - by Curtis Von Fange. The engine seems to run rough. In the exhaust you can hear an occasion 'poofing' sound like somethings not firing on all cylinders. Under loaded conditions the tractor seems to lack power and it belches black smoke out of the exhaust. For some reason it just doesn't want to start up without cranking and cranking the starter. All these conditions can be signals that your unit is in need of a tune up. Ok, so what is involved in a tune up? You say, swap plugs and file the points....now tha
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
