Looking for an estate attorney so good it’ll make us forget how our last estate attorney shamelessly ripped us off. [more inside]
I'm seeking as many opinions as I can get from people with knowledge of financial advising and/or trusts & estates and/or estate planning, about what my parents (in their 80s) ought to do with their $250,000 in liquid assets. I'm NOT looking for the kind of detailed plan we'd get from an advisor whom we hire; I'm looking for short, quite general, common sense answers (such as "These ONE OR TWO types of instruments are good/bad; all others are to be avoided/considered.") I'm also looking for as many answers as I can get. In order to get that assortment of answers, I want to disclose only a very few specific things about the folks: 1. they currently rent an apartment; they do not own a home. 2. they are in their 80s--relatively healthy and can drive, shop, take care of themselves, but I'm not sure how long that'll last. I'd like to see them in a retirement community within a couple years. 3. Their only income (which doesn't amount to much) is social security. 4. They lose about $2,100 in total expenses every month. That's just about equal to what they take in each month. 5. Their one and only significant asset is a liquid $250,000. Okay, at their age, and considering all the above, WHAT IS/ARE THE MOST PRACTICAL THING(s) THEY SHOULD DO WITH THAT LUMP OF LIQUID MONEY? THANK YOU from their worried adult child with a family of my own!
A relative of mine died a over two years ago, leaving a very small estate and a small trust. There were various delays, so the trust was in stasis for nearly a year. The delays have been resolved, but I cannot get the trustee to pay out the funds. What do I do? [more inside]
My mother has asked me to help her with setting up a trust for some assets. I get that I should contact a lawyer, but where should that lawyer be based? [more inside]
Needing advice from an estate lawyer or someone with thorough knowledge of how trusts work. [more inside]
This is a question about an inherited estate and a trustee that I suspect is not acting in my best interests. [more inside]
Want to set up a will/trust without spouse consent. Is it a bad idea? [more inside]
Land Trust Filter: How do you remove a trustee from a Florida Land Trust? [more inside]