|
PerniciousKnid posted:Mom wants to know what I think about doing a living trust through https://www.integratedtrustsystems.com. I guess the idea is that the documents are viewable and modifiable online, and also it's cheaper because it's in Nevada (out of state). Anybody heard of this or know if it's legit? Never heard of it. I would just get a local lawyer. Cheaping out on an estate plan to an out of state electronic platform that may not account for local rules seems like a false savings.
|
#
¿
Jul 16, 2023 17:22
|
|
|
|
| # ¿ May 16, 2024 21:21 |
|
|
Evil SpongeBob posted:$3300 for 2 trusts (one for insurance and assets, one for 401k and IRA) plus all the medical stuff. Interesting that they're doing a second trust for the retirement assets. I've usually seen those not included in the trust and just done by designating a beneficiary (which I think could be the trust itself).
|
|
#
¿
Sep 13, 2023 22:41
|
|
|
Generally your bank wants to hear from you directly on things like that. So it's not really something you could pay to have handled for you. I suppose you could have someone else do it with a power of attorney, but that'd probably be an even bigger pain at the bank. As spwrozek said, double check with your attorney to see if all your accounts really need to go in, if you're finding it too onerous. Here in California the main concern is just to keep total probate assets (i.e., assets not in the trust or with a designated beneficiary on the account) below $184,500 (and no real property) so you don't trigger probate.
|
|
#
¿
Nov 21, 2023 16:36
|
|
|
I will say, though, that how big of a pain it is depends entirely on your bank. For Ally and Fidelity it was as easy as filling out a form and submitting it online. For crappy banks like Bank of America or Wells Fargo you probably have to go into a branch.
|
|
#
¿
Nov 21, 2023 17:56
|
|
|
Leperflesh posted:I live in a community property state, 100% of someone's stuff is their spouse's stuff 50%. You can bequeath 50% of your community property and the other 50% is your spouse’s.
|
|
#
¿
Dec 23, 2023 01:58
|
|