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The Water Cooler
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<blockquote data-quote="-Pjackso" data-source="post: 2325199" data-attributes="member: 8119"><p>This thread is a absolute must.</p><p>To be absolutely clear about this... If you have any substantial amount of assets - GET A TRUST. ...NOT A WILL!!!!!!</p><p></p><p>A trust will cost some to get established - but are INSIGNIFICANT to what expenses/time/ **and taxes** will be saved. Seriously.</p><p></p><p>A basic 'will' establishes who gets what - but everything must be transferred via lawyer ($), will typically take a year to complete, and incur taxes ($$).</p><p></p><p></p><p></p><p></p><p>Excellent thread JB!</p></blockquote><p></p>
[QUOTE="-Pjackso, post: 2325199, member: 8119"] This thread is a absolute must. To be absolutely clear about this... If you have any substantial amount of assets - GET A TRUST. ...NOT A WILL!!!!!! A trust will cost some to get established - but are INSIGNIFICANT to what expenses/time/ **and taxes** will be saved. Seriously. A basic 'will' establishes who gets what - but everything must be transferred via lawyer ($), will typically take a year to complete, and incur taxes ($$). Excellent thread JB! [/QUOTE]
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