03-13-2023, 05:40 AM
i have my trust set up mainly for the house here because it is held only in my name. My mainland house is held jointly, I don't have a trust for that house.
For this trust, I just gave the attorney my parcel ID, they did the rest. I probably visited the office three times. First visit, filled the info. Second visit, signed and initialed the paper works. And last visit was to pick up the completed documents.
For IRA account, you assign the beneficiary for each account which I assume you already did. So all my IRA accounts were not included in the trust. Neither the bank account with the balance under $10K.
My taxable investment accounts with the financial firms, I have assigned the names for "Transfer on Death." No need to put in the trust either.
BY the way, after checking my financial record keeping for the year 2012, I paid $1,600 to the attorney for the service.
For this trust, I just gave the attorney my parcel ID, they did the rest. I probably visited the office three times. First visit, filled the info. Second visit, signed and initialed the paper works. And last visit was to pick up the completed documents.
For IRA account, you assign the beneficiary for each account which I assume you already did. So all my IRA accounts were not included in the trust. Neither the bank account with the balance under $10K.
My taxable investment accounts with the financial firms, I have assigned the names for "Transfer on Death." No need to put in the trust either.
BY the way, after checking my financial record keeping for the year 2012, I paid $1,600 to the attorney for the service.