Attorney Fees to Settle Estate

[Martha]

I had a feeling it was far more complicated than the usual advice of throwing the house in a trust to avoid probate expenses.  Maybe the probate expenses may be cheaper than not getting a stepped up basis for the kids .
   Interesting research project for someone who may have time.


MARTHA note the caps and spaces ?  proud?

Yes, thanks so much.

Well you could have the house put in a revocable trust. It will be part of your estate so it would be taxed. But there wouldn't be a probate. And there would be a stepped up basis. . .

 

[sgeeeee]

This gets complicated.  Why do you think we need lawyers?    . . .

Actually, I think it's complicated because we have lawyers. They were instrumental in writing the laws.

 

[Martha]

Actually, I think it's complicated because we have lawyers.  They were instrumental in writing the laws.   

Nah, it gets complicated because people don't want to pay taxes and they want to continue to influence their families and the world after they die.

 

[mathjak107]

If ignorence of the law is no excuse than why do we need lawyers?

 

[Meadbh]

If ignorence of the law is no excuse than why do we need lawyers?

Because somebody needs to write those long, long sentences that have so many words that when you get to the end, you can't remember the beginning