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Nonexistence posted:See my response to above for finding someone, but the biiig caveat for people in your situation is that no matter what you put in a will, that will still has to go through probate, and probate will be more expensive than a trust by a factor of at least 2-3x if everything is right and 10x+ if anything is wrong if your net worth is at least like even low six digits. I should know better than to disagree with a bona fide attorney on this, but wouldn't that be state-dependent? I was the administrator to a low six-figures estate and apart from some filing fees and a bunch of legwork it wasn't too bad at all. (Possibly relevant: this is a state where probate is happy to take a family settlement agreement in lieu of any accounting if all beneficiaries are signed off) Nonexistence posted:Yeah septegenarian clients with a 16 year old's financial acuity can get into a lot of fun really quick. Saw one lose $1m in a few months once taking out margin loans to buy groceries and lottery tickets. Oh god how did that happen?
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Nov 17, 2022 00:17
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| # ¿ May 16, 2024 17:53 |
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