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URL:  http://boards.fool.com/i-just-popped-in-on-this-board-and-have-not-read-19652277.aspx

Subject:  Re: IS A WILL REQUIRED ? Date:  10/1/2003  8:08 AM
Author:  nutsandbolts Number:  8623 of 19262

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.

Brooks
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