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The Water Cooler
General Discussion
Ask the Lawyer: Probate Q&A
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<blockquote data-quote="foghorn918" data-source="post: 3110684" data-attributes="member: 11059"><p>Trusts are not just for the rich. I think trusts are much more common for the middle class than they used to be.</p><p></p><p>My dad had a trust and his total estate after all bills were paid and assets disposed of was less than 30k. The trust was the instrument (toolkit) to let us handle his trust assets without going through probate since the trust was the entity that owned the assets.</p><p></p><p>There are also different types of Trusts, so maybe that's another thread for our Ask A Lawyer.</p></blockquote><p></p>
[QUOTE="foghorn918, post: 3110684, member: 11059"] Trusts are not just for the rich. I think trusts are much more common for the middle class than they used to be. My dad had a trust and his total estate after all bills were paid and assets disposed of was less than 30k. The trust was the instrument (toolkit) to let us handle his trust assets without going through probate since the trust was the entity that owned the assets. There are also different types of Trusts, so maybe that's another thread for our Ask A Lawyer. [/QUOTE]
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Ask the Lawyer: Probate Q&A
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