Don't know much about trusts, but what I do hear makes me nervous of them. Was hoping just something in a Will would be enough. Is there any other way, rather than the Trust option?
Under Trusts though, you can't get a mortgage (from what I was told) or others are involved with decisions to do with the property, so Your property isn't really Yours anymore?
OK, sounds like a road we might have to go down and check out.
Was stressful last time with a Will, due to a lawyer obviously in the throws of a divorce and she was very anti my stance and reasons why I feel the children have claims under the other property. Don't want to have to go through that again and I refused to sign the Will and walked out due to her attitude, so Will is now very old and completely out of date with my daughter now turning 30 this year.
Expect some expense, and not like I have major money or property now but what I have, is what has been built up with a hard working partner who pushed to get the best from me and make a new life and she and my daughter deserve to gain from that and not have it stolen away. If I die first and in my Will it is gifted to my partner does that mean no claim from other children and it goes all to her.
Thanks for the advice on above, makes sense. Will first and Trust to follow, at least you work out an idea of your lawyer and where they stand as well.
Yes, wonderful and will click Excellent Service when finished. Just one more question. If partner died and I was left, can I sell my property to my daughter for minimal sum? Ie give it all to her that way?
Ah, hadn't thought about that one. Thanks for the advice. Much appreciated.
Isn't that always the case!! Blast!!!
Interesting to know applies in Trust as well, will have to have a good think on all this and turn it over with partner and see what happens. Thanks again.
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).