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Old 08-28-2014, 02:12 PM
 
Location: Near a river
16,042 posts, read 19,001,270 times
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If you have no other way in place for protecting your home, such as in a trust, check out the Lady Bird Deed in some states.

Lady Bird Deeds: Transfer Real Estate Without Probate | Nolo.com
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Old 08-28-2014, 10:00 PM
 
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Thank you! I appreciate this
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Old 08-28-2014, 10:48 PM
 
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We did this a few years back for my MIL. Only to keep things simple when she does pass. She will never be on Medicaid so that played no role in our planning.
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Old 08-30-2014, 04:34 PM
 
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Lady Bird and Beneficiary Deeds both are an excellent way to reduce the value of your estate since many Lawyers charge 4% of the total value of the Estate to handle the business of the Probate..
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Old 08-30-2014, 06:45 PM
 
Location: in the miseries
3,302 posts, read 3,585,481 times
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Quote:
Originally Posted by Chaffeetrekker View Post
Lady Bird and Beneficiary Deeds both are an excellent way to reduce the value of your estate since many Lawyers charge 4% of the total value of the Estate to handle the business of the Probate..
Is that a standard fee? Or state by state?
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Old 08-30-2014, 08:46 PM
 
1,316 posts, read 1,185,104 times
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Quote:
Originally Posted by luvmyhoss View Post
Is that a standard fee? Or state by state?
That's the average fee but some hungry attorneys will do it for much less....Of course, Lawyers are not regulated so the charges are all over the place.....Check with your friends and see what their attorneys are charging.........If you're in Texas, Probate is a very quick and simple process for an uncomplicated Will. So shopping around will save the Independent Executor and heirs cash...
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Old 08-31-2014, 02:22 PM
 
Location: SoCal desert
8,093 posts, read 13,247,952 times
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Quote:
Originally Posted by Chaffeetrekker View Post
Lady Bird and Beneficiary Deeds both are an excellent way to reduce the value of your estate since many Lawyers charge 4% of the total value of the Estate to handle the business of the Probate..
Quote:
Originally Posted by luvmyhoss View Post
Is that a standard fee? Or state by state?
Here's a good article from Nolo on the subject:
Probate Lawyers' Fees and Billing
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