Legal Question in Wills and Trusts in California

CA Living Will; how to set up trust to sell assets at a later date?

I have Quicken WillMaker Plus and I

want to write wills for my wife and I

and I want to put our house in a

trust. That would be done ok

except for this complication. If she

dies first the house will be split up.

She wants me to get �, her son to

get � and two close friend to get

the other half. I�m OK with that. We

agree that if she were to die soon,

and she is ill, then she wants the

house to be unsold for about 6

years and sold at my discretion

when the market is better. Then I

will sell the house and split up the

money. What way does the trust

have to be written to have that

done so I can give my step son his

money at a later time. He is having

a little gambling problem now, but

my wife thinks that 5 years or so

should be enough to have him get

over his problems or give it to him

anyway. And there will be a little

incentive for him to show me some

responsibility.

Thanks.

Michael


Asked on 10/16/08, 12:36 pm

1 Answer from Attorneys
Janet Brewer Law Office of Janet L. Brewer

Re: CA Living Will; how to set up trust to sell assets at a later date?

Quicken WillMaker is not designed to handle situations as complex as the one you're describing. Even the people at Nolo Press will tell you that you need to consult a knowledgeable estate planning attorney for assistance with this kind of situation.

This information is not intended to substitute for professional legal advice and does not create an attorney-client relationship. You should accept legal advice only from a licensed legal professional with whom you have an attorney-client relationship.

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Answered on 10/17/08, 2:41 am


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