Our trust with full population (title and deed transfers, etc.) and lifetime support - updates, walking the kids through the final process - was $2500.
On Sun, Nov 15, 2020 at 5:10 AM Dan Penoff via Mercedes < mercedes@okiebenz.com> wrote: > Plain probate. Wills, durable power of attorneys, etc., etc. There’s far > more to it, but in general it’s what most people need for it to be done > right. And that’s for a couple (two people.) He does a complete review of > assets and how they’re held, gets all the familia details down, inventory > of property, etc., etc. It’s pretty thorough. > > A trust is about twice that much or more depending on how complicated it > will be. > > I don’t know how competitive the costs are compared to other attorneys - > our guy is both a probate and tax attorney, which is why we chose him. I > suspect if you do it with someone who practices only in probate it might be > a little cheaper, but in the long run, who cares if you want to be sure > things are right? > > -D > > > On Nov 15, 2020, at 3:17 AM, archer75--- via Mercedes < > mercedes@okiebenz.com> wrote: > > > > > > Dan wrote: > > > >> We have a trust set up in order to essentially bypass probate and > convey all of our belongings, etc., to our children upon our passing. > However, I would warn anyone considering a trust that they can be expensive > and complex to set up. Our probate attorney typically doesn’t recommend > them unless you’ve got more than $500k in assets. We didn’t when ours was > set up, but it’s how we wanted things done, so we bit the bullet and spent > the money for peace of mind. > >> > >> To give you an idea, our probate attorney charges about $2k to do a > husband and wife’s wills, durable power of attorney, and all the related > paperwork. He has a 25 page form you have to fill out in advance of him > doing any of the work, and you meet at least once after the form is turned > in to review everything. Don’t rely on a “do it yourself” will or something > like that, as it’s not worth the potential headaches it could cause for > your heirs. We’re comfortable that things will go as we want them to when > we’re gone. > >> -D > > > > Is that $2K for probate or a trust? > > THanks, > > Gerry > > > > > > -- > > This email has been checked for viruses by AVG. > > https://www.avg.com > > > > > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > -- OK Don "Whenever you find yourself on the side of the majority, it is time to pause and reflect." Mark Twain “Basic research is what I’m doing when I don’t know what I am doing.” Wernher Von Braun 2013 F150, 18 mpg 2017 Subaru Legacy, 30 mpg 1957 C182A, 12 mpg - but at 150 mph! _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
