Legal Question in Wills and Trusts in Pennsylvania
the value of my husband and I estate is approximately $850,000. This includes property and money. (a few investment properties, primary residence and $200,000 cash/investments. Do we have enough to create a living trust. (this does not includes cars and furnitures.
1 Answer from Attorneys
The questions is, do you need a living trust? For most people, the answer is no. It doesn't have anything to do with the size of your estate.
You should be consulting a lawyer to help you carefully analyze your needs and goals. Probate is not so difficult or expensive in PA to warrant setting up a living trust. There are also costs and administrative paperwork required when you have a trust.
This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.
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