U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Retirement
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 01-27-2015, 01:44 PM
 
Location: Hayden
446 posts, read 553,528 times
Reputation: 1147

Advertisements

Or should I get a new one?
Reply With Quote Quick reply to this message

 
Old 01-27-2015, 02:21 PM
 
Location: Idaho
4,627 posts, read 4,468,721 times
Reputation: 9055
This is a question for a lawyer. Maybe we have a few here.
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 02:34 PM
 
4,039 posts, read 2,618,975 times
Reputation: 8750
I'd talk to a lawyer you may need a new one depending on how similar the estate laws are. The only way to find out is to contact a lawyer in your new state and have him or her review the trust.
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 02:50 PM
 
Location: Near a river
16,042 posts, read 18,978,143 times
Reputation: 15649
My atty says no; it should be redone in the new state.
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 02:56 PM
 
Location: Hayden
446 posts, read 553,528 times
Reputation: 1147
Quote:
Originally Posted by Rowan123 View Post
I'd talk to a lawyer you may need a new one depending on how similar the estate laws are. The only way to find out is to contact a lawyer in your new state and have him or her review the trust.
I have a feeling a lawyer is going to tell me to buy a new trust for two grand.

I have not had good experiences with lawyers.
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 03:10 PM
 
Location: Tennessee at last!
1,886 posts, read 2,040,410 times
Reputation: 3796
Can you use an on-line program like NOLO to do a trust in your new state following the information in your old trust?
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 05:47 PM
 
Location: SoCal desert
8,093 posts, read 13,234,579 times
Reputation: 14870
I asked that question when I did a revocable trust here in California.
My lawyer told me that it was no different than creating a will in one state and then moving - it is valid and recognized in all of the other states as long as it was validly created under the laws of the state where it was created.



Edited To Add - I am not a lawyer and this is not legal advice
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 06:15 PM
 
Location: Edina, MN, USA
6,954 posts, read 7,393,688 times
Reputation: 16283
My lawyer said the will/trust needs to be removed from my state/county - reviewed by a lawyer in the new state (laws can change) and filed there.
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 08:22 PM
 
3,346 posts, read 3,049,864 times
Reputation: 4880
Quote:
Originally Posted by Umbria View Post
My lawyer said the will/trust needs to be removed from my state/county - reviewed by a lawyer in the new state (laws can change) and filed there.

That's what mine tell me.
Reply With Quote Quick reply to this message
 
Old 01-27-2015, 10:02 PM
 
Location: Southwest Washington State
21,867 posts, read 14,383,691 times
Reputation: 30761
We redid ours. You need a legal opinion. This is not something you should guess, or assume about.

Apparently the laws in Washington State are more rigorous than the laws in Missouri. Our new plan is quite detailed. And the attorneys here caught a major mistake in the original trust. It was a mistake that could have cost the estate considerable taxes.

It is best to find an attorney experienced writing estate plans.

In our case, the trust is the same, but it is "restated."
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Retirement
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top