No. of Recommendations: 2
I don't know of any websites, but use the search engine at www.dogpile.com and I am sure your will find many web sites dealing with the topic. We are retired, 64 and have a will and a trust. We are not wealthy, but we were able to have all of this done for less than $1000. Trusts avoid probate and maintains your privacy, where anything done in a will goes throw probate which is public, cost alot in time and money. You don't sell anything to your trust, you change the title of the asset to your trust. If you are the trustee of the trust, you can do anything with that asset that you could do before. You can amend a living trust any time you want as long as your living. If your trust is not fund then it is worthless. A trust is a very effective estate planning tool. It sounds to me that you need the help of a professional. I would encourage your parents to find an attorney that specializes in Elder Care. They could also go and take advantage of Merrill Lynch's new program, called Ultimate Advantage. They have seminars where they introduce you to the ideas, free and they feed you. I just attended one last night. They offer alot of services at very reasonable price. I AM NOT CONNECTED TO MERRILL LYNCH. I am a leader of a study group that deals with Retirement Planning, which invovles Estate Planning. If you have any more questions, please contact me at; gstipps@iquest.net

glenn
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