Cheetah <Cheetah@[EMAIL PROTECTED]
> wrote:
> "QueBarbara" <que.barbara.lanc@[EMAIL PROTECTED]
> wrote:
> > On Wed, 16 Apr 2008 17:41:07 -0500, huey.callison@[EMAIL PROTECTED]
wrote:
> >> 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.)
> 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.
I know a good estate lawyer in Detroit, I could ask him. I suspect that
setting up a relatively simple trust isn't all that much.
....course, a big city lawyer probably isn't even remotely
cost-competitive with a Detroit lawyer.
--
Huey
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