The Hull Truth - Boating and Fishing Forum - View Single Post - Last will and testament or living trust
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Old 10-01-2007, 08:49 AM
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Default Re: Last will and testament or living trust

$750 here two years ago with an attorney that specialises in estate planning - wills, trusts, powers of attorney, children's guardian. It's not just the money side but what you want done if you end up on life support etc. Remember the Schrievo case?

One other point to remember. A lot of people think that they don't have enough money to worry about trusts etc. If you have life and accident insurance, personal, through work or both, you could be worth a small fortune the minute you die - the government will take a large chunk of this if you don't plan.

The death tax exemption grows substantially through 2010 - but then sunsets and goes back to where it was unless renewed. Don't place any bets on that when considering your estate planning.