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The Water Cooler
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Lawyer for a trust.
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<blockquote data-quote="dennishoddy" data-source="post: 4117767" data-attributes="member: 5412"><p>Exactly correct. We have been to our lawyer a couple of times since MIL passed away in June about her trust. </p><p>With a trust, you can avoid probate which is nothing more than a cash cow for lawyers. </p><p>The trust directs who the assets will go to and eliminates every wanna-be that says they could be an heir because of an affair. There will be no inheritance taxes either unless it's a huge inheritance over a certain amount. </p><p>We have land involved that our lawyer couldn't solve unless we paid him to go to the courthouse and research records, so we did it ourselves. Going through the books, we found about 30 some acres of land that had been bequeathed back in the day but not logged in the county records, That property will have to go through probate. If it had been included in the trust, it would not have been taken to probate court. </p><p>There is more to the story but that is the gist of what happens. </p><p>When my mom passed, we had to put her car and home into probate. I don't remember what the form is, but one can go to the county treasurer and fill out this form that will take the home out of probate. DO THIS! I'm sure someone on here knows what form that is.</p></blockquote><p></p>
[QUOTE="dennishoddy, post: 4117767, member: 5412"] Exactly correct. We have been to our lawyer a couple of times since MIL passed away in June about her trust. With a trust, you can avoid probate which is nothing more than a cash cow for lawyers. The trust directs who the assets will go to and eliminates every wanna-be that says they could be an heir because of an affair. There will be no inheritance taxes either unless it's a huge inheritance over a certain amount. We have land involved that our lawyer couldn't solve unless we paid him to go to the courthouse and research records, so we did it ourselves. Going through the books, we found about 30 some acres of land that had been bequeathed back in the day but not logged in the county records, That property will have to go through probate. If it had been included in the trust, it would not have been taken to probate court. There is more to the story but that is the gist of what happens. When my mom passed, we had to put her car and home into probate. I don't remember what the form is, but one can go to the county treasurer and fill out this form that will take the home out of probate. DO THIS! I'm sure someone on here knows what form that is. [/QUOTE]
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