Mar 29, 2012 · I would like to have a Will and Trust but going to an attorney is not affordable at this time. I have the Suze Orman do it yourself kit and was wondering if it is acceptable to the courts or are the do it yourself packets that you buy at the store? I would like to have something in tact that my family will not have any problems with.

Feb 4, 2010 · Form Wills and trusts are extremely dangerous! They need to be at least reviewed by an attorney and they need to be executed properly and formally. I would carefully weigh the dangers associated with not executing or drafting a will and/or trust correctly with trying to …

Oct 2, 2013 · The other lawyers on here all told you the absolute truth. I started keeping track a few years ago. In that time, I have reviewed 15 wills that people created either though some online program or as part of a paid in advance legal program. 10 of the wills were completely invalid (either from the form or the "client" not completing it properly. 3 of them were valid but would have resulted in ...

Sep 5, 2012 · The answer is clearly - it depends. If the document Ms. Orman (and presumably her legal team) has drafted fits your specific situation exactly and continues to be valid despite any changes in law since its publication, then it could be valid and binding if followed properly and the appropriate formalities are taken.

Mar 13, 2018 · When Is a Trust Better Than a Will? Barry David Horowitz, Attorney The Role of the Trust Protector in Virginia Estate Planning Richard Farrell Bozard II, Attorney The Importance of Creating a Will or Trust: What Happens if You Don't? Timothy Patrick Murphy, Attorney When Is a Trust Better Than a Will? Barry David Horowitz, Attorney

Oct 4, 2023 · A trust is NOT a substitute for a will. You actually need both. A trust is used to manage and ultimately distribute financial assets -- stocks, bonds, bank accounts, houses, etc. A will, on the other hand cannot MANAGE those assets, it can only distribute them. However, a trust does not have to be probated, and so is a private document.

Once it is created, there’s still more work to do to fully fund the Trust, but detailed step by step instructions are provided to keep you on track. I had my original Trust created by Edmund and just recently updated that Trust. I have highly recommend Edmund and his team to my friends and colleagues and will continue to do so.

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Jan 22, 2012 · The trust might also indicate that the property passes to your husband's "issue" or "descendants," which would specifically mean his children if any. You should have the trust in question read and reviewed by a qualified estate planning attorney, who should be able to answer you question directly within 10 minutes after reading the trust document.

Oct 29, 2008 · Any funds which would be given to him from the trust would be subject to IRS seizure. You would need to set the trust up as a "spendthrift" trust -- and not allow him any control whatsoever over the trust. Further, if he puts any of his own assets in the trust, the IRS might seek to have the trust undone based on the law of fraudulent conveyance.