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anybody know 'bout living trusts

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Old Jul 17, 2003 | 01:58 PM
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Default anybody know 'bout living trusts

how hard is it to setup w/out a lawyer
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Old Jul 17, 2003 | 02:34 PM
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kinda stupid to do if its a substantial amount. you can usually hire a legal professional for cheaper.
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Old Jul 17, 2003 | 02:35 PM
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Originally posted by Fujiwara Takumi
kinda stupid to do if its a substantial amount. you can usually hire a legal professional for cheaper.
lawyers cost a lot
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Old Jul 17, 2003 | 02:36 PM
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I have a trust fund :happysad: h:
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Old Jul 17, 2003 | 02:39 PM
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Originally posted by sinthetiq
lawyers cost a lot
legal professionals, like law students that havent taken the bar, are cheaper.
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Old Jul 17, 2003 | 07:22 PM
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what the heck is a trust fund?
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Old Jul 17, 2003 | 07:28 PM
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Originally posted by WiLL
what the heck is a trust fund?
A trust is an arrangement bound by law in which someone gives a trustor control of investments, property, cash, or other assets to be managed for the benefit of the beneficiaries. e.g., A trust fund.
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Old Jul 17, 2003 | 07:34 PM
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Not too hard... shitlot easier than wills. I know you can pick up some do-it-yourself books from Borders, etc.
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Old Jul 17, 2003 | 07:36 PM
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Originally posted by qtiger
Not too hard... shitlot easier than wills. I know you can pick up some do-it-yourself books from Borders, etc.
wills are easy.. u jus write it up and get it notarized
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Old Jul 17, 2003 | 08:04 PM
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Better idea than do-it-yourself - approach a bank. Banks often will absorb the initial setup cost because the fees they collect over the longterm will eventually pay that off and then some - but they know ALL the loopholes, and are experienced investors. At least, that's what my great aunt did when she set up like 10 trusts.
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