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Retirement tip
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<blockquote data-quote="moreluck" data-source="post: 254996" data-attributes="member: 1246"><p>"Unless they you assets over $500,000, you do not need to do a revocable living trust..."</p><p> </p><p>I think it's still recommended in order to avoid probate. In some states (like ours) it can take a year to year-and-a-half. Survivors have to wait THAT long to sell the house or get their hands on other stuff.</p><p> </p><p>If I am a surviving spouse I don't want some big old house with just me in it. I also don't want the big old payment that comes with it. I would want to unload the house asap and get a condo or something.</p><p> </p><p>I think the living trust is a good idea for everyone.</p></blockquote><p></p>
[QUOTE="moreluck, post: 254996, member: 1246"] "Unless they you assets over $500,000, you do not need to do a revocable living trust..." I think it's still recommended in order to avoid probate. In some states (like ours) it can take a year to year-and-a-half. Survivors have to wait THAT long to sell the house or get their hands on other stuff. If I am a surviving spouse I don't want some big old house with just me in it. I also don't want the big old payment that comes with it. I would want to unload the house asap and get a condo or something. I think the living trust is a good idea for everyone. [/QUOTE]
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