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#4
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| I recommend a trust. I went through probate on my father's estate which wasn't huge. If you probate, you'll see how fast attorneys can chew through what is available and believe me they're first in line when it comes to getting their cut. On Thu, 23 Dec 2004 11:05:28 CST, "Cal Lester" <cal-lester[at]comcast.net> wrote: - quote - > You have really answered your own question. > A Will is an expression of the Decedent, and must be PROBATED, > which can entail challenge. > Whereas a TRUST is in and of itself, a legal document, as well as a > Legal Entity. It too can be challenged, but MUCH more difficult. > If the "Estate" is simple, a "simple Will" could suffice, > however IF there are complexities, the TRUST would be much > mopre advantageous. > Cal Lester CLU > sudhir wrote: > > I am not sure if this is the right forum, but I had a question on > > 'Will' vs 'Trust'. I was thinking of writing a will but then I several > > articles on http://finance.yahoo.com suggests that a mere will is not > > enough to handle all the complexities. If one wants to have a hasssle > > free transfer to his/her heirs, it is better to setup a trust. (BTW - > > I am not the person with whopping trailing zeroes to my assest). > > thanks for any advice/suggesstion you can provide. > > > -Sudhir |
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#3
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| Leviticus 26:29 Roast Child with Cornbread Stuffing Turkey may be substituted for this classic holiday feast. Although time consuming, this dish seems to take longer than it actually does; as the entire house is filled with such a heavenly aroma, the waiting becomes almost unbearable. 1 whole child, cleaned and de-headed 1 batch cornbread stuffing (see index) ½ cup melted butter Remove the giblets from the infant and set aside. Stuff the cavity where the child?s genitals and anus were located using ½ cup per pound of meat. Tie the arms flat to the body, then pull the skin flaps up to close the cavity. Now tie the thighs up tight to hold it all together. Place breast side up in a large metal roasting pan. Bake in 325° oven covered for 2 hours. Remove cover, stick a cooking thermometer deep into one of the baby?s buttocks and cook uncovered till thermometer reads 190°, about another hour. Pro-Choice Po-Boy Soft-shelled crabs serve just as well in this classic southern delicacy. The sandwich originated in New Orleans, where an abundance of abortion clinics thrive and hot French bread is always available. 2 cleaned fetuses, head on 2 eggs 1 tablespoon yellow mustard 1 cup seasoned flour oil enough for deep frying 1 loaf French bread Lettuce tomatoes mayonnaise, etc. Marinate the fetuses in the egg-mustard mixture. Dredge thoroughly in flour. Fry at 375° until crispy golden brown. Remove and place on paper towels. Holiday Youngster One can easily adapt this recipe to ham, though as presented, it violates no religious taboos against swine. 1 large toddler or small child, cleaned and de-headed Kentucky Bourbon Sauce (see index) 1 large can pineapple slices Whole cloves Place him (or ham) or her in a large glass baking dish, buttocks up. Tie with butcher string around and across so that he lo |
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#2
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| Brent has a good point. A large part of this decision depends on the jurisdiction in which you live as well as what comprises your estate. I would find a local attorney who does estate planning work and visit with them. Get a consultation with them about your personal situation, your objectives, your affairs, and the law where you live. It's impossible to answer this type of question with a broad answer without knowing all of your facts and objectives, as well as where you live. If you can't find a local attorney or don't have a referral from a friend/family member, try searching for one at www.martindale.com. Be sure to find someone who does estate planning/probate work. Good luck. Jason Richardson Attorney, CPA Sherman, Texas |
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#1
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| "Cal Lester" <cal-lester[at]comcast.net> wrote in message news:ZfCyd.278189$HA.238011[at]attbi_s01... - quote - > sudhir wrote:
I work with estate planning attorneys all the time. I've yet to hear a> > I am not sure if this is the right forum, but I had a question on > > 'Will' vs 'Trust'. I was thinking of writing a will but then I several > > articles on http://finance.yahoo.com suggests that a mere will is not > > enough to handle all the complexities. If one wants to have a hasssle > > free transfer to his/her heirs, it is better to setup a trust. (BTW - > > I am not the person with whopping trailing zeroes to my assest). > > thanks for any advice/suggesstion you can provide. single one say one was better than the other. That sounds like some silly idea from a financial porn author. A lot of people end up with both, but its always a very personal issue. Everyone has a will. Either they have one they wrote, or had drafted...OR...they have one written by the state. Which one do you want? =) Seriously, the best place to get legal advice that is pertinent to YOUR situation, in YOUR jurisdiction, is a local attorney. Start with the local bar, or a legal referral service. Brent D. Gardner, ChFC Chartered Financial Consultant http://members.cox.net/brentdgardner1378/ http://www.topgunproducers.com/ http://forum.topgunproducers.com/ Si vis pacem para bellum! "Be ever questioning. Ignorance is not bliss. It is oblivion. You don't go to heaven if you die dumb. Become better informed. Learn from other's mistakes. You could not live long enough to make them all yourself." - Hyman George Rickover (1900-86), Admiral, US Navy, advocated development of nuclear subs & ships The Chartered Life Underwriter (CLU) and Chartered Financial Consultant (ChFC), designations owned and exclusively offered by The American College, signify the highest standards of academic study and professional excellence in the financial services industry. |
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| You have really answered your own question. A Will is an expression of the Decedent, and must be PROBATED, which can entail challenge. Whereas a TRUST is in and of itself, a legal document, as well as a Legal Entity. It too can be challenged, but MUCH more difficult. If the "Estate" is simple, a "simple Will" could suffice, however IF there are complexities, the TRUST would be much mopre advantageous. Cal Lester CLU sudhir wrote: - quote - > I am not sure if this is the right forum, but I had a question on > 'Will' vs 'Trust'. I was thinking of writing a will but then I several > articles on http://finance.yahoo.com suggests that a mere will is not > enough to handle all the complexities. If one wants to have a hasssle > free transfer to his/her heirs, it is better to setup a trust. (BTW - > I am not the person with whopping trailing zeroes to my assest). > thanks for any advice/suggesstion you can provide. > -Sudhir |
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#-1
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| I am not sure if this is the right forum, but I had a question on 'Will' vs 'Trust'. I was thinking of writing a will but then I several articles on http://finance.yahoo.com suggests that a mere will is not enough to handle all the complexities. If one wants to have a hasssle free transfer to his/her heirs, it is better to setup a trust. (BTW - I am not the person with whopping trailing zeroes to my assest). thanks for any advice/suggesstion you can provide. -Sudhir |
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