AARP the Living Trust Advisor. Everything You Need to Know by Jeffrey L. Condon

By Jeffrey L. Condon

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Cautionary Tale 1: The Last One on the Scene Gets the Money Cautionary Tale 2: A New Marriage Requires a New Living Trust Cautionary Tale 3: Sometimes Having Too Much Money Can Be a Curse Cautionary Tale 4: Keep Your Opinions to Yourself If You Want to Inherit from ... Cautionary Tale 5: Don’t Let the Law Write Your Inheritance Instructions Cautionary Tale 6: Joint Tenancy Gone Wrong Cautionary Tale 7: When It Comes to Money, Family Loyalty Goes out the Window About the Author Index Copyright © 2008 by Jeffrey L.

I want you to think of me as your Living Trust coach. Like any coach, I want to train you so you will be ready to play the Big Game, which, in this case, is living with your Living Trust with no financial, emotional, or practical upheaval in your life, and dying with a Living Trust that will adequately and effectively provide for your spouse, children, charities, and other heirs and beneficiaries with a minimum of conflict, diversion, tax, and expense. Like any football or basketball game, this Big Game takes place in a special arena .

An estate of $1 million will cost the beneficiaries $23,000! For us attorneys, this is great! It’s a lot of money for what is not especially a lot of legal work. ” But it gets better . . at least, for my colleagues and me. The other fee is for services that the court considers extraordinary, and it is paid on top of the fee we already get for ordinary services! So, if there are legal services rendered to deal with matters “beyond the ordinary,” such as selling real estate, defending against a will contest brought by a disgruntled heir, or filing a lawsuit against a person who has an asset that should be brought back into the estate, the attorney gets to bill the usual hourly rate.

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