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<p>[QUOTE=&quot;SwendiCoin, post: 669071, member: 18768&quot;]My father-in-law passed away last May.&nbsp; One thing to keep in mind is that the value of one&#039;s estate has a lot to do with their estate planning.&nbsp; I know that some states allow estates below a certian value (say $50K, but probably depends on the state and may not apply in all states) to pass to the heirs without any probate.&nbsp; No hassles at all.&nbsp; Sgoudl still have a will though.&nbsp; For higher value estates (not sure what the value would be) it may make a LOT of sense to have the assets in a living trust.&nbsp; That is how my father-in-law set things up.&nbsp; He still had a will too, but its only purpose was to state that any proerty not already in the trust was to be transferred to the trust.&nbsp; My wife became trustee of the trust upon his death and basically had immediate access to all property.&nbsp; We did not have to go through probate or any other hassles.[/QUOTE]</p><p><br /></p>

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