Along the same lines and talking about lawyers reminded me of something.We spoke to a lawyer about our money a while ago and we got talking about life insurance we were looking to get at the time. something liek a $500,000 term life policy. he talked about putting it in a trust and wound up preparing some book type of document stamped 'draft' to create the trust that would hold just this insurance policy (we had less money back then). there were tax benefits (so he said ).I flipped out - this trust's amount of paper, his bill for $500? I think it was (it was a few years ago) and my expected perceived cost to file returns,etc. each year far outweighed the cost of the insurance / year and the amount of paper of the policy.wrong weigh to evaluate things? cost of insurance policy and amount of paper?!I told him I didn't want all this complexity / paperwork. we never implemented it but he hounded us and we gave him $200 to go away.
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