legalzoom.com living trust?

Discussion in 'Off-Topic Discussions' started by Abner, Jan 2, 2009.

Loading...
  1. Abner

    Abner Well-Known Member

  2. alleycat1

    alleycat1 New Member

    I have used it for a couple of LLC. Also for business reg. I looked and I really don't think the price for a trust is bad. I paid at least 5 times that.
     
  3. Ian Anderson

    Ian Anderson Active Member

    We used a paralegal to do our living trust - cost was around $500 as I recall.

    Over xmas living trusts was one topic of conversation - is a living trust valid if one moves to another state? - no one knew the answer.
     
  4. Kizmet

    Kizmet Moderator

    Hi Abner - I looked at legalzoom once as it was suggested to me. Too expensive is what I decided. Now my situation was that I was writing a will. Maybe that's simpler than a living trust. Maybe nosborne will chime in. I went out and bought a software product called Willmaker by Quicken. It was fast and simple. Check around before you pay the big money. You may decide that in the end it's a good idea to do a face to face with a lawyer, but at least at that point you'll feel like you made an informed decision.
     
  5. mattbrent

    mattbrent Well-Known Member

    My wife and I went for the Suze Orman Will and Trust kit. It's about $15 on her website. I did some searching online beforehand and pretty much everything I found said that lawyers just fill in the blanks on standard forms, so you might as well pay less and let a program do the same thing. That was our take on it.

    No offense to any lawyers on this board, but I am the beneficiary of a irrevocable trust. The lawyer who drafted it was an idiot, and it contains so many problems my siblings and I are still trying to figure it out long after the death of my grandmother. I'll take a standard form any day :)

    -Matt
     
  6. Abner

    Abner Well-Known Member

    Thanks to everyone for their suggestions. I will definitely look into the Suze Orman thing. As long as it has a "living trust", as opposed to a regular will. The reason I want the go the living trust route is that it helps the surviving spouse (or whoever) avoid probate. This can be a big pain for the survivor. As long as the Suze Orman thing is legally binding, I may do it for now. I could always have an attorney check it over later. The important thing is to have something.

    Gotta hit the books,

    Thanks,
    Abner
     
  7. Kizmet

    Kizmet Moderator

    I think that the "legally binding" part is covered by signing the final document with a notary witness.
     
  8. Abner

    Abner Well-Known Member


    Hey Matt,

    Could you post a link?


    Thanks,

    Abner
     
  9. Kizmet

    Kizmet Moderator

  10. Abner

    Abner Well-Known Member

  11. Abner

    Abner Well-Known Member

    Matt,

    When you did the Orman Will and trust, did you have to go online and answer the questions? I get the impression you answer several questions, then it suggests the proper hard copy forms, am I correct? Was it very time consuming? Was it fairly easy to navigate through? I just want to know what to expect.

    Thanks,

    Abner
     
  12. imalcolm

    imalcolm New Member

    I used Quicken Willmaker 2009 for my revocable living trust.
     
  13. audreyrichard

    audreyrichard New Member

    A Trust is simply a contract between you and you, or if you’re married it can be between you and your spouse. That’s a joint trust, where you put all of your assets into one pot. If you are married, you don’t have to have a joint trust. If you prefer to keep your assets separate, you can each have your own separate trust. A trust is sometimes called a living trust because it doesn’t die when you do, it keeps living, and therefore the probate court has no automatic authority over it. California Living Trusts are specifically written to adhere to the laws and requirements of California. For example, in my entire career, I have never seen a California bank honor the generic check-the-box power of attorney form that can be found freely online. I recommend you ONLY use California specific forms and documents.
     
  14. Abner

    Abner Well-Known Member

    Thanks! CA specific forms and docs makes sense. I will keep it in mind. Have not done this yet, but will get around to it.

    Abner :)
     

Share This Page