tag:blogger.com,1999:blog-4267286454117551349.post2544068684742236454..comments2023-11-03T04:53:09.679-07:00Comments on Con Man's Blog: Con Man's Version of the Living Trust?--Little Known SecretsJack Paynehttp://www.blogger.com/profile/02838385417692720281noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-4267286454117551349.post-8961806283866573922008-02-06T21:59:00.000-08:002008-02-06T21:59:00.000-08:00Establishing a living trust even though it may be ...Establishing a living trust even though it may be expensive is a very important decision. It saves your descendants having to go through courts of law and overpaying for assets they could get for free right from your own very hands.In most cases the living trusts are under tax pressure but the main advantage is that the assets are protected from the hands of creditors if they are under a trust since the creditors can have no claim over the asset.<BR/><BR/>Poly Muthumbi is a Web Administrator and Has Been Researching and Reporting on Debt for Years. For More Information on LIVING TRUST, Visit Her Site at <A HREF="http://www.gofixa.com/?p=64" REL="nofollow"> LIVING TRUST</A>Poly Muthumbihttps://www.blogger.com/profile/18039413974261796541noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-72358711756932999682007-12-06T07:47:00.000-08:002007-12-06T07:47:00.000-08:00Hi Jack,One of the things we did early was to reta...Hi Jack,<BR/>One of the things we did early was to retain the services of a highly recommended elder care attorney for my parents (my mother died last year and it's just my dad left). It was a wise decision, and as stubborn as my dad gets, he approved of this move. We all love him and care for him and just want him to be happy and live worry free and not get ripped off. I always appreciate your articles and advice, and I've asked him to read some of your past articles and he get's the point. Thank you.Michael J. Kannengieserhttps://www.blogger.com/profile/02260343556851550757noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-48838049983597693542007-12-05T16:21:00.000-08:002007-12-05T16:21:00.000-08:00Trust and will are two very important things that ...Trust and will are two very important things that we need to learn and decide what to do with our asset.<BR/><BR/>I have a simple will but I have not looked into a trust.<BR/><BR/>Seems that Six Hours Past Thursday is worth reading. I hope to find the time to go to the library and borrow one to read. <BR/><BR/>Have a great day.JesieBlogJourneyhttps://www.blogger.com/profile/01077641051026820262noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-23846270785013761912007-12-02T14:29:00.000-08:002007-12-02T14:29:00.000-08:00Probate time can often be dragged out to two years...Probate time can often be dragged out to two years, even more. Good point is made about how a trust speeds up settlement. As a living legal entity, a trust merely rumbles on, in the hands of a trustee or other trustees, at the time of death. This is a big, big advantage over a will indeed.Jack Paynehttps://www.blogger.com/profile/02838385417692720281noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-26714612970505247962007-12-02T13:14:00.000-08:002007-12-02T13:14:00.000-08:00A trust is worth it to avoid probate alone. When ...A trust is worth it to avoid probate alone. When an executor has to keep running back to the court to get approval for every little thing this drags out settlement time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-67859585893853783442007-11-30T13:04:00.000-08:002007-11-30T13:04:00.000-08:00I did well in real estate the past several years a...I did well in real estate the past several years and got out before the big bust...am now setting up a trust. I have got to get these relatives off my back picking at my bones...you have some great tips.<BR/><BR/>I went to your web site and read the book reviews and first two chapters of your book Six Hours Past Thursday...very impressive.<BR/>If the rest of the book is as good as the first two chapters promise I can see how Sharyn is right.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-90023895202153206092007-11-30T12:02:00.000-08:002007-11-30T12:02:00.000-08:00Jack, thanks for these useful tips. They are actua...Jack, thanks for these useful tips. They are actual in my situation as never.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-42040012723832558602007-11-29T23:01:00.000-08:002007-11-29T23:01:00.000-08:00Wow, Sharyn, these are some much appreciated accol...Wow, Sharyn, these are some much appreciated accolades if ever I saw any.<BR/><BR/>My novel, Six Hours Past Thursday, has been popular only in two places: some 500 copies in public libraries, and 400 in the hands of college libraries, mostly law libraries, law profs and lawyers. Haven't dented the general consumer book market yet. But, if it took you 2 years to get around to reading it, maybe there is some hope yet.Jack Paynehttps://www.blogger.com/profile/02838385417692720281noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-70793347600091284092007-11-29T22:49:00.000-08:002007-11-29T22:49:00.000-08:00That's a good illustration of the point I tried to...That's a good illustration of the point I tried to make in my comment just above yours, Gene.<BR/><BR/>All I can add is, amen.Jack Paynehttps://www.blogger.com/profile/02838385417692720281noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-19576685557711115692007-11-29T20:36:00.000-08:002007-11-29T20:36:00.000-08:00are you working on your next book? I gave up watc...are you working on your next book? I gave up watching jimmy buffett (my favorite musician) last night to finish your book. it's great!!! when does your next book come out? your blog is awesome so many things that effect our lives and your giving great advice right here for free. is this a scam? get on that keyboard and write another great novel. it won't take me 2 years to read the next one, i promise. dang that was a great book and informative website. everyone should book mark you!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-71035810312299541152007-11-29T14:57:00.000-08:002007-11-29T14:57:00.000-08:00Sure enough, my Uncle lives in Pennsylvania and ha...Sure enough, my Uncle lives in Pennsylvania and had a trust made up for him by one of these internet gurus. It cost him over one thousand dollars. Later a lawyer told him it wasn't worth the paper it was printed on because it didn't comply with the laws of Pennsylvania. I guess you have to be very careful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-42961652199384678652007-11-29T12:27:00.000-08:002007-11-29T12:27:00.000-08:00The laws covering familty trusts are different in ...The laws covering familty trusts are different in every state, Warren. For example, in California a large 3-ring binder is needed to house the finished trust product, from all the rules set. Whereas, in New Mexico (until a few years ago, at least), requirements could be filled with about a 3-page trust document.<BR/><BR/>Not necessarily any fraud here, the costs simply reflect the vast difference in the amount of legal work required by law in the various states.<BR/><BR/>This is all the more reason to forget internet and travelling salesman gurus, and stay in your own local neighborhood when contracting to have one set up for you.Jack Paynehttps://www.blogger.com/profile/02838385417692720281noreply@blogger.comtag:blogger.com,1999:blog-4267286454117551349.post-26777263395373361462007-11-29T12:11:00.001-08:002007-11-29T12:11:00.001-08:00I have been interested in setting up a family trus...I have been interested in setting up a family trust, but do not understand why the big differences in costs quoted by lawyers to set one up. I have a friend in California who was quoted a cost of $3,000, and another friend in New Mexico who could get one for $400. This is puzzling. Who is conning who?Anonymousnoreply@blogger.com