Do I need a Trust? Isn’t a Will Enough?
Today Elder Law Attorney Melissa O’Connor breaks down the concerns about whether a trust is necessary or if a will is enough.
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Melissa O’Connor is the owner of O’Connor Law. She created it with one goal – help YOU live a great life and leave a great legacy.
You’ll find information here on elder law, medicaid trusts, medicaid planning, guardianship, estate planning, probate, revocable living trusts, irrevocable trusts, life insurance trusts, charitable giving, wills, trusts, power of attorney, medical power of attorney, trustee selection, and everything in between.
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Theresa Hughes
Elder law attorney doesn’t mean she an elder in the law community and preforms sacred rituals for lawyers. She practices law defending old people and stuff to do with them(elder). FYI
John Brown,”preform”?
Tom Davis it’s a misspelled word. Context clues are important when reading. Once you’re familiar with reading and comprehension you’ll be able to read text with misspelled words and still understand the meaning. Practice reading every chance you get. I believe in you tommy boy!
Surprisingly not another ambulance chaser!
My concern, we are responsible for an elderly person who is of no relation. If something were to happen to us would someone know to help our elderly friend?
Terri Behanna Glanville if you left your elderly friend money in trust for their care your successor Trustee would be responsible for honoring your wishes and providing for your elderly friend’s care with the resources you left them. Hope that sheds some light. Feel free to call me.
Thanks for the info
What the cost to fight will? Hi
Raphael Hen most attorneys charge their hourly rate for will contests. Litigation has too many variables and unknowns for that kind of work to be done on alternative business models. Hourly rates vary on region and experience of the litigator.
most lawyers charge $250.00 an hour up to $600.00 an hour –
I have a question: how much it cost to file the trust for the house in the 55+ community?
Svetlana Kushmakova you are welcome to schedule a no cost strategy session with me at https://oconnorelderlaw.as.me/ and we can discuss your needs
I am interested in setting up a PAC. What do I do to set up my Political Action Committee?
She excellent and gives good advice.
If the will is not filed with the town or if the attorney does not have a copy, the person holding the will is free to destroy it. I speak from experience. My brother destroyed the will after he made a fake quit claim deed on my mother’s house.
Way to say a lot without actually saying anything really useful LOL
Ramana Mallysetty Circle back —
Nice Video Melissa!! Very good!
My brothers led me to the slaughtered remains of my share of the will .Money pigs! They pretended to be loving and caring and good christains.Not !!
Our primary residence is in Florida but we also maintain a home and other assets in Crown Point. Is it necessary to develop a simple trust and will in both states?
John Shimkus a single trust and pour over will can address all US assets. Crown Point, IN by chance? My grandmother’s farm is in Dyer. Small world.
Yes. Thank you!
Do you have room for rent in miami garden florida 33056
Otis Murrell jr need room for rent in miAmi garden florida 33056
Otis won’t live on 183 street And 27 ave
Otis Murrell can not walk At all ok
Otis Murrell in the. Nersery home now ok
Otis Murrell need one bed room by his self
Otis Murrell need his own bathroom ok
Otis Murrell could pay 500 for rent ok
Would be more helpful to give some examples of assets that do or don’t benefit from a trust.
Kathleen Bell thanks for the feedback. I’ll work on incorporating such examples in my future videos. It’s tricky when everyone’s situation is unique to provide meaningful content, but I’ll do my best.