don't think I would.........
My dad had a trust and when he passed I became the trustee. I was able to handle all business and financial matters of his estate like selling his house and car without having to go through probate courts. The trust does make it very nice for surviving family to get things taken care of. That experience convinced me to get one to make it easier on our kids.
Trust is the way to go for most (you need to get advice).. and anyone employed with a company that offers attorney services, take that benefit for a year. Most cover it 100% but you have to pay the monthly $15-25. I was able to use a local attorney. but you "might" have to work with an attorney you dont know.
My wife and I are planning in the very near future to get all our ducks in a row. Having a trust set up, a will, power of attorney, and do not resuscitate, etc. My parents had all that in place when they passed and it could not have been easier dealing with their estate.
My wife and I have procrastinated mainly because we don't know how to pick a good attorney( If their such a critter). Anyone have recommendations for an attorney that won't charge an arm and a leg to draw up the paperwork? Thanks!
My wife and I have procrastinated mainly because we don't know how to pick a good attorney( If their such a critter). Anyone have recommendations for an attorney that won't charge an arm and a leg to draw up the paperwork? Thanks!
Same here. I'm looking.. If I come across someone I will let you know. I want someone in the Edmond area hopefully.
If you dont know an attorney that does what you want or can reccomend, I think I good way is to stick with an attorney that "specializes" in what you are looking for. Not always true, but would be my non professional advice. I am from Broken arrow, but if you ask enough, some one will have someone they trust to give you a name in your area. Asking your financial advisor if you have one is another avenue - they may know.
Another bit of information, an Advanced Directive for Healthcare (Living Will) conveys your wishes, but it is not a DNR, you will need to fill out the DNR form ahead of time for your Advanced Directive wishes to be followed. Here is a link to a DNR form for Oklahoma:
http://www.okdhs.org/OKDHS Publication Library/97-20.pdf
Found this out with my father-in-law, we thought his advanced directive was the same as a DNR, but was not the case.
http://www.okdhs.org/OKDHS Publication Library/97-20.pdf
Found this out with my father-in-law, we thought his advanced directive was the same as a DNR, but was not the case.
I also suggest getting it done professionally rather than doing it yourself. Wife's folks did a pair of trusts. One was specific to her mother (who was in a nursing home) and the other to the "family." In our case, we first consulted with a good accountant who then set us up with a good attorney up in the Panhandle.
Going through an attorney is important as they can write the trust in a way that others can't "break the trust." Wife was the trustee of the trusts and executor of the wills. When we paid a visit to our accountant, he told us about some of the grandkids coming to him (with father-in-law in tow) and tried to get advice as to how to break the trust. The accountant kept telling them that each of their ideas of breaking the trust would be ineffective. He also told us that the father-in-law grinned at him every time he told the grandkids that they couldn't break the trust.
Going through an attorney is important as they can write the trust in a way that others can't "break the trust." Wife was the trustee of the trusts and executor of the wills. When we paid a visit to our accountant, he told us about some of the grandkids coming to him (with father-in-law in tow) and tried to get advice as to how to break the trust. The accountant kept telling them that each of their ideas of breaking the trust would be ineffective. He also told us that the father-in-law grinned at him every time he told the grandkids that they couldn't break the trust.
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