Legal Question in Wills and Trusts in Georgia
Living Trust
My mother is leaving in her will, her house and all possessions to her 4 children (we're all over 50). One of us wants to remain living in the garage apt. and rent out the house. We would split monthly prceeds from the rental. Would a Living Trust be the way to go or is there a better way to do this? Eventually the house would have to be sold and proceeds split. Don't know if this is even a good idea.
Asked on 2/24/06, 10:48 am
1 Answer from Attorneys
Charles W. Field
Charles W. Field, Attorney at Law
Re: Living Trust
I don't think I would mess with a living trust. That could cause problems. It seems that all of you children are in agreement at this time. I would advise you consult a local will/real estate attorney to discuss dividing the property at this time.
Answered on 2/27/06, 2:46 pm