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Personal Finance and Investing

TreasonousBastard

(43,049 posts)

1. I'm not an expert, but I've always assumed trusts were to....

Reply to CanonRay (Original post)

Mon Nov 8, 2021, 09:05 PM

Nov 2021

control heirs, and are not that big.

Sounds like the two of you are secure and have dealt with where the money goes, so you have no worries. The marriage deduction, on top of other limits on death benefits should cover you.

A trust would add to your expenses and cause legal aggravation, so wouldn't be worth the trouble.

But, a lawyer experienced in death rights and not trying to sell you something might be the best bet. A good financial advisor (not a salesman) would be a good bet, too.

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Highlight:

To have a trust or not? [View all] CanonRay Nov 2021 OP

I'm not an expert, but I've always assumed trusts were to.... TreasonousBastard Nov 2021 #1

Trust is the way to go. DURHAM D Nov 2021 #2

The best reason to have a trust is to Phoenix61 Nov 2021 #3

Time spent with an elder law attorney is time well spent. 3Hotdogs Nov 2021 #4

You say you have no kids, but are there any other heirs at all? A HERETIC I AM Nov 2021 #5