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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement tip
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<blockquote data-quote="beatupbrown" data-source="post: 254576" data-attributes="member: 4488"><p>Unless they you assets over $500,000, you do not need to do a revocable living trust. A well-done revocable living trust will cost about $5,000 and all assets have to be re-titled with an attorney. The transfer of assets will go more quickly and you avoid the local probate tax. You also have more control over the trust because, in most cases, it cannot be contested.</p><p></p><p>Just remember, to do it right is very expensive and very cumbersome. You cannot buy or sell anything within the trust again without going through the trust or probate.</p></blockquote><p></p>
[QUOTE="beatupbrown, post: 254576, member: 4488"] Unless they you assets over $500,000, you do not need to do a revocable living trust. A well-done revocable living trust will cost about $5,000 and all assets have to be re-titled with an attorney. The transfer of assets will go more quickly and you avoid the local probate tax. You also have more control over the trust because, in most cases, it cannot be contested. Just remember, to do it right is very expensive and very cumbersome. You cannot buy or sell anything within the trust again without going through the trust or probate. [/QUOTE]
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