estates

   / estates #1  

mulitweed

Silver Member
Joined
May 17, 2024
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126
Tractor
john deere
maybe off topic , my mom passed away a year ago , she had some land and a house all in a trust , i have two siblings the will said divide everything equally , went to settle everything yesterday at the law office , bill was $12,500 seems high but i dont know its done i guess
 
   / estates #3  
Seems high especially with a trust. We settled my FIL estate no lawyer. He had a handwritten will that is all the state needed. We submitted everything done.
 
   / estates #4  
When my MIL died my wife handled the estate during the covid crisis with no lawyer.
 
   / estates #6  
OP: sounds high as mentioned, but at least your family had the foresight for an estate trust to avoid probate court. my estate plan is in place for my daughter as well, will soon sell my mt property of 47yrs in prep for the inevitable. regards,
 
   / estates
  • Thread Starter
#7  
When my MIL died my wife handled the estate during the covid crisis with no lawyer.
guess i should have been a lawyer $$$ , I did all the accounting stuff , oh well its done now
 
   / estates #8  
What was the hourly rate compared to what other lawyers charge in your area?
 
   / estates #9  
Trust doesn't make problems completely go away, you still have to divide everything into a cash value, convert it into cash (sell) and divide the cash out to the heirs. Some assets, people might not want to sell, but it can't be split 2 or 3 or 7 ways. You can't realistically share ownership of a home, land, or car.
 
   / estates #10  
Sometimes a trust can simplify things or sometimes it can complicate things leading to more expense. I'd want to know the number of hours, the rate, and what work needed to be done. If it's a $12,500 bill for a $12,500,000 estate....
 

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