The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: IS A WILL REQUIRED ?||Date: 10/1/2003 8:08 AM|
|Author: nutsandbolts||Number: 8623 of 19483|
I just popped in on this board and have not read prior post, so take my comments accordingly.
My understanding of a will and/or a trust is to avoid legal expenses and the long time period that goes with having it go into probate.
As I have read, the time element can last up to several years in some instances and jurisdictions. All the expenses incurred is taken from the estate regardless of the size. Even with a sole survivor the process is the same.
I welcome comments and/or errors.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|