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Re: Estate Attorney
[Re: DryFire]
#4229335
11/13/24 04:28 PM
11/13/24 04:28 PM
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Joined: Jan 2017
Posts: 4,720
Lower Alabama
Andalusia
10 point
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10 point
Joined: Jan 2017
Posts: 4,720
Lower Alabama
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Everyone who has anything needs at least the basics and as you marry, gets kids, have money/property you need to revisit and modify as necessary!
Can't help with that area but congrats on starting the process!
"It is the mark of an educated mind to be able to entertain a thought without accepting it"
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Re: Estate Attorney
[Re: Andalusia]
#4230202
11/15/24 09:22 AM
11/15/24 09:22 AM
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Joined: Feb 2015
Posts: 7,614
Meridianville
DryFire
OP
14 point
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OP
14 point
Joined: Feb 2015
Posts: 7,614
Meridianville
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Everyone who has anything needs at least the basics and as you marry, gets kids, have money/property you need to revisit and modify as necessary!
Can't help with that area but congrats on starting the process! Ours is pretty simple. Single heir. We are wanting to put our assets in an irrevocable trust.
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Re: Estate Attorney
[Re: DryFire]
#4230216
11/15/24 09:43 AM
11/15/24 09:43 AM
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Joined: Jan 2017
Posts: 4,720
Lower Alabama
Andalusia
10 point
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10 point
Joined: Jan 2017
Posts: 4,720
Lower Alabama
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I am not a trust expert but we do have a few and have also dealt with trusts our parents owned. All these trusts were revocable. This allows you to maintain control of the trust, use the assets and make changes as needed. Once the trustee/s died the trust was converted to irrevocable and any assets were dispersed.
So depending on your needs/plans definitely consider both options. This is why you need a good estate atty to guide you.
Last edited by Andalusia; 11/15/24 09:43 AM.
"It is the mark of an educated mind to be able to entertain a thought without accepting it"
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