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!
Artists, what will happen to your writings music and artworks if/when you die? Any ideas? Do you have a will, and a clause with some legal language? [more inside]
Living trust versus a will for a married couple with minor children and moderate assets? [more inside]
In California, what are the benefits of a Revocable Living Trust and a will? [more inside]
What are some ways to structure a trust? I'm setting up a trust so that if I die, my child would not have a sudden, relatively large windfall. I've got life insurance, 401k and quite a bit of equity in a house, and at this time, I think it would be problematic. [more inside]
What is the process for quickly selling a car willed to me? [more inside]
Want to set up a will/trust without spouse consent. Is it a bad idea? [more inside]
My parents have offered to *give* me between $100K and $120K to go in on a house with them. I will accept this gift, but I need some help figuring out how to handle the strings that are certainly attached. Long story. [more inside]
On the advice of my attorney, I have created a living trust to be the official owner of all my possessions. That way, when I die, Sra. and Baby Carp don't have to wait for stuff to go through probate. The one part I am missing is that I have to put all real estate, financial accounts, and vehicles into the name of the trust. The accounts are easy, but I can't find where to change the title to our house in DC or to our vehicles, also in DC. So, how do I go about re-titling, well, everything?