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Estate and Will Planning: What questions should I ask?

Cancer | Last Active: 6 days ago | Replies (22)

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@hbp

Get a trust and put everything in it except your retirement plan. That includes your home, cars, investments, misc items, and have it done by a lawyer. Get a durable and medical power of attorney , a living will and a pour over will. You will be the trustee and you have to name a successor trustee to serve when you are no longer able to serve. The successor trustee can be a trusted, honest, wise relative, or a commercial trust company. Think about things that you have but don’t use nor need and consider giving stuff away to people who can use it. Once you have made arrangements you may feel that a burden has been lifted. I understand and I am still making arrangements although most things have now been decided. I am Gleason 9 CR, aggressive, incurable, locally advanced and 40 months since diagnosis. Had surgery and 12 months of ADT and Erleada. 78 years old. Good luck to you and all in our support group.

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Replies to "Get a trust and put everything in it except your retirement plan. That includes your home,..."

We formed a trust, to go immediately to our daughter after we passed. It now turns out that she has metastatic stage 4 breast cancer. We have no idea how long she will be with us. One thing we changed in the trust is that if she dies before her son, he will not be able to access the funds (except for necessary expenses) until he is 30. His trustee is my nephew, who is a very successful business man and all-round good egg. We did not make his father the trustee as he isn't that good with money.

Great info. If your State has Land Trusts - it also bypass Probate.

DEFINITELY- put home in Land Trust instead of living trusts.