"QueBarbara" <que.barbara.lanc@[EMAIL PROTECTED]
> wrote in message
news:cv0d049bs3o78butrketdkv7j7e6094vnl@[EMAIL PROTECTED]
> On Wed, 16 Apr 2008 17:41:07 -0500, huey.callison@[EMAIL PROTECTED]
wrote:
>
>>D.F. Manno <dfmanno@[EMAIL PROTECTED]
> wrote:
>>> Mary <mrfeathers@[EMAIL PROTECTED]
> wrote:
>>> > I don't understand why they think a trust or other non-human being
>>> > can't be a named insured. Companies are named insured all the
>>> > time.
>>> > I mean, these people are working in the insurance industry,
>>> > shouldn't they know this stuff?
>>> The subject never came up in the two-plus years I worked for an
>>> insurance company.
>>
>>The Army is very big on making sure that your SGLI and SF99
>>next-of-kin
>>notification forms are complete, and I had mine set up to pay out to
>>the
>>trust in my will, since I wanted to leave some money to my
>>then-underage
>>youngest brother, and the only way to do that is through a trust. This
>>is all clearly spelled out in the SGLI regulation. In spite of this, I
>>generally had to carry a copy of that regulation, with the section
>>labeled "TO THE TRUST IN MY ESTATE" highlighted, since the people
>>responsible for seeing that the forms were completed correctly had
>>apparently never heard of that.
>
> Does anyone know how difficult - and expensive - is the process to set
> up a trust? Do you still need to have a will? We currently don't have
> one. (I know, I know, we've been meaning to get around to it.)
>
> --
> QueBarbara
It cost me about $500 to set up a trust for myself. Of course, that was
about 10 years ago, so I'm sure the lawyers will demand more now. That,
of course, was a Living Trust. There are other kinds. I was living in
California at the time.
HTH
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