I think a good PS to what I posted below is in order FYI. Many non lawyers drink the kool aid and go to Holiday Inn free lunches to learn how a Trust can be used to avoid probate, and indeed if done properly by a competent trained professional (NOT Billy Bob or Bubba or your brother in law or what you read here) such is so (after you pay maybe $3500). HOWEVER in my estate planning and probate practice there are times when I recommend a trust and times when I do not IT DEPENDS ON THE CLIENTS PROPERTY AND HIS DESIRES AND FAMILY SITUATION. Also, its possible (and I often do it) to avoid probate using methods other then a trust. And there may be times when I recommend a combination which has parts of both. NOT ALL TRUSTS ARE THE SAME, NOT ALL ESTATE PLANS ARE THE SAME, what's good for Billy Bob may be the exact opposite for Bubba.
THE BOTTOM LINE is a trust is NOT for everyone but is best for others PERIOD. Its IMPOSSIBLE to determine whats the best estate planning tool until you interview the client and find all the facts assuming your a competent trained professional who understands the laws of your state. Billy Bob may post on here how by golly he has a trust and that's the best and only way to go, while Bubba may have a Will or may have nothing and by golly that's the only way to go.
THE QUESTION YOU HAVE TO ASK is do you want what was best for Billy Bob or Bubba OR DO YOU WANT WHATS BEST FOR YOU????
CHOICES Consult a local trained competent professional estate lawyer,,,,,,,,,, or go to a free Holiday Inn lunch and seminar on "How to Avoid Probate",,,,,,,,,,,, or ask Billy Bob or Bubba,,,,,,,,,,, or do what your know it all brother in law tells you. Its your property your money and your call none of ours.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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