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URL:  http://boards.fool.com/he-suggested-setting-up-a-trust-to-help-pass-our-30718988.aspx

Subject:  Re: Talk me out of a Financial Advisor Date:  6/4/2013  9:50 PM
Author:  Rayvt Number:  72438 of 75833

he suggested setting up a trust to help pass our estate on to our 12 yo daughter.

Any comments on this? Good advice or not?


Yes.

I first became aware of this advice when reading Dacey "How to Avoid Probate" in the mid 70's. Published in 1965. Standard advice. Obviously, you should use a lawyer set it up. Lawyers were scandalised when Dacey wrote this, but now it has become quite common. In our little community weekly newpaper, a number of "estate lawyers" run little 3"x3" ads for this service.
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