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  #4  
Old 01-04-2005, 09:08 AM
goldengate@yahoo.com
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Default Re: Will or Trust ?

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


  #3  
Old 12-25-2004, 07:24 PM
Jason W. Richardson, Esq., CPA
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Default Re: Will or Trust ?

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


  #2  
Old 12-24-2004, 09:00 AM
Jason W. Richardson, Esq., CPA
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Posts: n/a
Default Re: Will or Trust ?

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


  #1  
Old 12-23-2004, 04:42 PM
Brent D. Gardner, ChFC
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Posts: n/a
Default Re: Will or Trust ?

"Cal Lester" <cal-lester[at]comcast.net> wrote in message
news:ZfCyd.278189$HA.238011[at]attbi_s01...
- quote -

> 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.


I work with estate planning attorneys all the time. I've yet to hear a
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.

 
Old 12-23-2004, 04:05 PM
Cal Lester
Guest
 
Posts: n/a
Default Re: Will or Trust ?

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


  #-1  
Old 12-23-2004, 01:32 PM
sudhir
Guest
 
Posts: n/a
Default Will or Trust ?

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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