Preparing our own will or living trust information?
Lennon Asked:
Our house has been homesteaded. How does that affect our heirs? Is it legal for us to fill out our own wills or living trust forms if we get them notarized? Our estate is small. What other important information do we need to know before we do this? We’re trying to avoid paying an attorney’s fee.
Reply:
Go to my website,
www.EndlessLegacy.US
Once there, read the different pages. Print out my checklist. That will give you the things you should have, regardless of size of your estate.
Do not have the property recorded as Joint Tenants With Rights Of Survivorship.
Contact a local Chartered Financial Consultant. Much of the information can be mentioned to you within the law.
None of us, regardless of credentials, are allowed to practice law without a license. So be careful. Take free advice. It is worth the price.
Smiles.
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Very good question there are plenty of things i can help you with on this subject. First, yes you do need lots of fruits and veggies but you dont have to eat more than protein and carbohydrates. Leaner meats such as Salmon, Tuna, and Chicken, are very nutritious and the protein is extremely good for you. You should eat 6 small meals everyday with all those things listed and you can have carbs but make sure they do not derive from sugars. Eating six smaller meals per day will raise your metabolism to burn more calories while your resting. Hope this helps you and if you need anymore info you can email me at -
In order to qualify for the loan, the trust has to have a credit history and source of income. Well, trusts can have a source of income (rent, in this case), but it's rare that they have a credit history.
The way most folks have to do this is temporarily quitclaim it to the folks who qualify for the mortgage, them quitclaim it back to the trust, who agrees to be responsible to them for the payments, loan balance, indemnities, etcetera.
Another way is for the people to guarantee repayment, but this is complex and may result in higher rates than the first way..
Either way, there are tax and credit implications. Talk to an accountant about the one, and ask your loan officer about the second. If the loan officer is clueless, run "Cosigning Mortgages" through a search engine, but I wouldn't trust a clueless loan officer.
Eat a Snickers bar!!!
I don't think I'd trust that manager. It sounds like he's either incompetent or he's embezzling. I would write to the main bank headquarters, ask them for a statement, and then pay the main branch directly.
You might want to specify what country you are asking about.
In the US it's called a Special Needs Trust.
In Canada it's called a Henson trust.
I usually throw down the most difficult question to them and see if they can handle the answer… example…
You: "I've got a HUGE secret but I don't know who to trust."
Them: (You can trust me)
You: "Well, ok. I really want to make out with you"
If they freak out… You can't trust them with your most difficult secrets.
If they talk about it and continue with the conversation… Then they probably can handle anything you throw at them.
If you need it… I'm one of those that can handle anything. If you need someone to unload some secrets that are bothering you, just drop me a line.
We started a new blog about living trust information. Check us out at
Hon,you need to talk to a lawyer about all of this. they are the only people that can really explain what will happen in the event of your father's passing.This is serious stuff to try to answer for you.Good Luck in finding answers to everything.
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Free-Living-Trust-Information.com is dedicated to demystifying living trusts. We don't promote or discourage the use of living trusts.
contact a good lawyer, probably the one that wrote up the living trust.