Trust, living will, or transfer now?
My father asked me to find out about putting a home he owns in trust to me as part of a living will… his purpose is to save the most on taxes. He believes that a trust will shield me from paying higher inheritance fees. Is this the best option we have? Would an immediate transfer of ownership have any benefit? I have been living in this home and paying the taxes for @13 years now since he moved out of state so except for the deed, it is my house.
Category Archives: Probate, Trusts, Wills & Estates
living will or trusts What is the different between a living trusts and living…
living will or trusts
What is the different between a living trusts and living will? what will be more better to have. I have grow step kids and me and my spouse have kid together.our children are under 23 years old and my step children are over 23 years old. My spouse want me to have every thing we owe.we both understand about the force -air law about our children.what can my spouse do to prevent my step children trying to give me trouble if he died before me.
Living Will Hi everyone, Just a quick question here.
Living Will
Hi everyone,
Just a quick question here. I’m 24, and I’ve been doing some deep thought about possibly making a will. I’m single, but with someone and we are pretty serious. I don’t know if this is foolish of me to be wondering about this now, but I was thinking about making a will and have my assets basically split between the girl I’ve been serious with for a while, and my parents. Is this possible, or is this even heard of? I’ve browsed some of the archives and don’t see anything that deals with my situation specifically. Just wondering. : )
Is your living will and/or trust protected from creditors?
Is your living will and/or trust protected from creditors?
Notary Seal on all pages of will?
Notary Seal on all pages of will?
I have had a living will made out and the notary only sealed the final page. Do all pages need to be sealed? (It would seem so easy to change previous pages if other pages are not sealed or dated).