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Comment #7

music* — Sun, 24 Feb 2019 00:54:46 GMT

Lottery Post and USAMEGA provide the help we need. A wealth of knowledge and experience.

Comment #6

mikeintexas — Sun, 24 Feb 2019 00:46:02 GMT

The good thing about that type of designation is that the property remains yours until death; the beneficiary can't touch it (even the bank account) until you die and you are also able to use it as you see fit, sell the house, drain the bank acct., etc.

Comment #5

mikeintexas — Sun, 24 Feb 2019 00:37:05 GMT

If I didn't have enough money to warrant a trust, then there would be no need for one. <wink> You can transfer property such as house, cars, etc. into a trust, but I can see where it could cause more problems than it's worth. (two beneficiaries of the trust wanting your Ferrari, for example or the home, hence the need for a specific pour-over will) You also have to record a new deed for a home when transferring it to the trust. I'm not sure if that applies to other types of pr... [ More ]

Comment #4

music* — Sat, 23 Feb 2019 23:44:37 GMT

I agree that California is different than Texas or any other State. Sometimes a person is worth more dead than alive.

Comment #3

mikeintexas — Sat, 23 Feb 2019 18:37:47 GMT

A trust IS harder to contest than a will, so if your bequests are "uneven in value" among your heirs, then there's that if someone wants to challenge your will, but there are also a multitude of ways to avoid probate w/out having to resort to a trust. It's different from state-to-state, so there's no "one size fits all' procedure to follow. Would my family pull the plug? I don't know, I like to think they wouldn't if there was any chance of recovery, no matter how slim. If th... [ More ]

Comment #2

music* — Sat, 23 Feb 2019 17:20:21 GMT

Your beneficiaries or trustees will benefit and those could be family members. Will they pull the plug on you? At this time I have a Do not resuscitate order on me.

Comment #1

mikeintexas — Sat, 23 Feb 2019 16:13:47 GMT

I think that creating a will or updating an existing one should be a high priority for a lottery winner. I also think creating family trusts are a good idea. I think I'd rather any decisions about my medical care be in the hands of someone who wouldn't benefit from "pulling the plug" on me. I wouldn't want to exist as a "vegetable" but I'd also like to be given a chance to recover.

Original Blog Entry: Law Depot Free Legal Documents

music* — Fri, 22 Feb 2019 20:15:59 GMT

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