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The Water Cooler
General Discussion
Best/cheapest way to make a will?
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<blockquote data-quote="fatcpa" data-source="post: 3146644" data-attributes="member: 11311"><p>I'm not a lawyer, just an old retired CPA, so my advice is based on 40 years experience, not formal training. I will say that there is a ton of misinformation out there. Trusts are great in certain situations but not for everyone. Ther's more to creating a trust than signing a piece of paper. The majority of estates in the US will not be subject to estate tax, so the main consideration should be seeing that your assets wind up in the hands of the person you intended. Hearsay and less-than realiable advice from well-intentioned friends have caused a lot of problems and cost a lot of unneccary dollars. Spend a little up front for reliable advice.</p></blockquote><p></p>
[QUOTE="fatcpa, post: 3146644, member: 11311"] I'm not a lawyer, just an old retired CPA, so my advice is based on 40 years experience, not formal training. I will say that there is a ton of misinformation out there. Trusts are great in certain situations but not for everyone. Ther's more to creating a trust than signing a piece of paper. The majority of estates in the US will not be subject to estate tax, so the main consideration should be seeing that your assets wind up in the hands of the person you intended. Hearsay and less-than realiable advice from well-intentioned friends have caused a lot of problems and cost a lot of unneccary dollars. Spend a little up front for reliable advice. [/QUOTE]
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