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)
Reply Start New Thread
 
Old 10-01-2009, 07:30 PM
 
Location: Redondo Beach, CA
7,343 posts, read 7,137,348 times
Reputation: 7529

Advertisements

I just came across this offer in O Magazine and thought I'd share it here. Through October 3rd, you can get free access to Suze Orman's Will & Trust Kit, which will help you create a Durable Power of Attorney for finances, an Advanced Directive and Durable Power of Attorney for healthcare, a Will and a Revocable Living Trust.

Go to https://www.suzeormanwillandtrust.com/giftcode/

and enter Gift Code: 898989
Reply With Quote Quick reply to this message

 
Old 10-01-2009, 07:49 PM
 
Location: Sierra Vista, AZ
16,133 posts, read 20,824,289 times
Reputation: 8293
Quote:
Originally Posted by Jill61 View Post
I just came across this offer in O Magazine and thought I'd share it here. Through October 3rd, you can get free access to Suze Orman's Will & Trust Kit, which will help you create a Durable Power of Attorney for finances, an Advanced Directive and Durable Power of Attorney for healthcare, a Will and a Revocable Living Trust.

Go to https://www.suzeormanwillandtrust.com/giftcode/

and enter Gift Code: 898989
Free Advice is worth every penny you paid for it
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 01:51 AM
 
71,584 posts, read 71,730,589 times
Reputation: 49184
i wouldnt touch a will kit in any shape or form. i got quite a few stories i could tell you all about doing things yourself or better yet just using a general practioner who wasnt a specialist in estate law and wills because they are cheaper . it all happened to me too first hand.
one thing about wills and trusts: NOTHING IS A PROBLEM UNTIL ITS A PROBLEM.


every state also has customary practices that are not requirements but are done to avoid problems down the road that are things not even in a will that are done.

here in new york the attorney will ask in front of witnesses, do you know what a will is? do you know what a trust is? are you taking any medications? are you under any stress to sign things? etc.

all very important questions if a will is ever challenged.


ill give you just one example. my ex wife inheirited her moms house. we went to do a simple refinance. the will read and to my child beth i leave my house and possessions..


title company looks at the will and stops the closing. one word was missing from the will. the word ONLY, as in only child.


i had to pay the bank lawyer and title company for the day, i lost my interest rate and we had to get affidivates from relatives that she was an only child.

that was an example of just one of the issues. my current wife also had a major issue with some wording that was left out of a poorly constructed trust that by the omission of a sentance cost us 500,000.00 in legal fees and buy out fees of some estranged step children in a family real estate business where the step children were specifically written out of the trust by grandpa and were not to be partners..

a sentance pertaining to what happens if the child pre-deceases his parents was omitted from the trust. my wifes first husband passed away before his parents. a good estate attorney would never have allowed the wording to go out that way to a client. grandpa used a general practioner to set up the trust because it was cheaper. what grief it caused us.


dont do these things on the cheap or on your own , it can be nighmare when things go wrong. its bad enough when lawyers screw them up but you stand no chance on your own when things hit the fan over something.

if its a 2nd marriage your in then its even more important to get things right.

the above is free advice that is worth something!

Last edited by mathjak107; 10-02-2009 at 02:06 AM..
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 08:25 AM
 
Location: Forests of Maine
30,682 posts, read 49,449,101 times
Reputation: 19134
I just used the website, and I made a will and a POA for myself.

Fast and easy
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 09:05 AM
 
71,584 posts, read 71,730,589 times
Reputation: 49184
like i say, nothing is a problem until its a problem...

the problem is you dont know about little twist and turns in your state or wording until the issues arise. by then its usually to late ....... wills and trusts are like resumes, i never met a resume i didnt like and i never saw a canned will that didnt look well constructed and airtite. that is until its not ..

Like i said above even a simple refinance became a major issue because of an oversite in wording...

you can do these things on the cheap but the bottom line is LET THE USER BEWARE!

Last edited by mathjak107; 10-02-2009 at 09:16 AM..
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 09:38 AM
 
Location: Redondo Beach, CA
7,343 posts, read 7,137,348 times
Reputation: 7529
Quote:
Originally Posted by mathjak107 View Post

like i say, nothing is a problem until its a problem...

the problem is you dont know about little twist and turns in your state or wording until the issues arise. by then its usually to late ....... wills and trusts are like resumes, i never met a resume i didnt like and i never saw a canned will that didnt look well constructed and airtite. that is until its not ..

Like i said above even a simple refinance became a major issue because of an oversite in wording...

you can do these things on the cheap but the bottom line is LET THE USER BEWARE!
I'm sincerely sorry to read about the difficulties you've encountered with poorly-written wills or trusts. You are absolutely right to be cautious and diligent about any legal documents you have drawn up.

I will say, though, that using a "specialist" is no guarantee, either. I'll spare you the details, but my boss just settled a malpractice case against an attorney with whom he spent hundreds of thousands of dollars to create a trust, that was determined to be invalid by the state of California. And this was a "specialist" who worked for a very well-known and well-regarded international law firm. "More expensive" does not necessarily translate into more correct.

Caveat emptor no matter who creates your documents.
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 09:45 AM
 
71,584 posts, read 71,730,589 times
Reputation: 49184
Absouletly true...........

just think though if the supposed professionals cant get it right what chance do we have......... ha ha ha
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 09:58 AM
 
Location: Redondo Beach, CA
7,343 posts, read 7,137,348 times
Reputation: 7529
Quote:
Originally Posted by mathjak107 View Post

Absouletly true...........

just think though if the supposed professionals cant get it right what chance do we have......... ha ha ha
Probably very little. But having something in writing is better than having nothing. The families of those who die intestate potentially have it much worse than those whose written instructions aren't perfectly worded. At least a judge would be better able to determine intent. Same goes for people who are injured to the point of not being able to speak for themselves regarding medical decisions.

Just ask Michael Schiavo.

I suspect everyone has a story to tell.
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 10:50 AM
 
357 posts, read 877,644 times
Reputation: 202
can i just make it real simple like this;

my stuff #1 go to son #1, stuff #2, #3 and #4 go to son #2.

or you think the court will say it is invalid because the person may have millions to leave to his kids but not capable to write instruction to let people know his intention.


Quote:
Originally Posted by mathjak107 View Post
Absouletly true...........

just think though if the supposed professionals cant get it right what chance do we have......... ha ha ha
Reply With Quote Quick reply to this message
 
Old 10-02-2009, 10:58 AM
 
Location: Sierra Vista, AZ
16,133 posts, read 20,824,289 times
Reputation: 8293
Quote:
Originally Posted by Jill61 View Post
I'm sincerely sorry to read about the difficulties you've encountered with poorly-written wills or trusts. You are absolutely right to be cautious and diligent about any legal documents you have drawn up.

I will say, though, that using a "specialist" is no guarantee, either. I'll spare you the details, but my boss just settled a malpractice case against an attorney with whom he spent hundreds of thousands of dollars to create a trust, that was determined to be invalid by the state of California. And this was a "specialist" who worked for a very well-known and well-regarded international law firm. "More expensive" does not necessarily translate into more correct.

Caveat emptor no matter who creates your documents.
That is very true. Apparently much of Law School has been Dumbed down too. I've run in to attorneys who really had no clue.

Between that and the just plain crooked ones, my father left me some properties in Texas that his Lawyer and the Probate Judge thoroughly pilfered before the family got a dime
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
Similar Threads
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