has renamed the channel from "wills" to "wills-trusts"

set the channel description: Estate planning

set the channel topic: Estate planning

How much should one expect to pay roughly to set up a living trust?

has renamed the channel from "wills-trusts" to "wills-trusts-estates"

Children - one thing that parents need to include in a will is who will raise their children if something happens to both parents. My will says If my wife does not survive me, I appoint RABBI __ and __ __ as guardians of the person of any minor children of mine. I request my trustee to consult with the guardians with regard to the personal needs of my children. I direct that such guardians shall not be required to give bond or surety on bond in such capacity. I also request that such individuals be appointed as conservator of the estate of such children. In the event that they are not able to act as guardians, I request that the trustee should work with RABBI BARUCH AND CHANIE HERTZ to select other appropriate guardians. If they are not able to find anyone in Chicago who is appropriate, they should ask RABBI YISROEL AND SHTERNA SCHANOWITZ in Las Vegas.

Per halacha, we our oldest son should get a double portion and our daughters nothing. I have a separate document that addresses this: HALACHIC WILL (Shtar Chatzi Zachar) Introduction Jewish religious law does not recognize the validity of a Will. Except for unusual circumstances, one cannot arrange for his estate to be divided in a manner different from Torah law (as set forth in Bamidbar 27:8-11). However, by creating a “conditional obligation,” one can achieve the same net result as that of a Will or Trust, in a way which conforms to Torah law. By signing the document below a person who makes a Will or estate plan which would otherwise conflict with the Torah’s law of inheritance obligates himself/herself to pay a sum of money greater than his/her total assets if his/her heirs object to his/her Will or estate plan. The obligation is retractable and is not payable until one moment before death. Therefore, the obligation has absolutely no effect during one’s lifetime. The Obligation. I, JOEL EMMANUEL ATKINS, the undersigned, do hereby state that I am indebted to those of my heirs (oblige(s)) that do not contest the disposition of my property made in my Will. The amount of this indebtedness is one billion dollars ($1,000,000,000) and is payable one hour before my death. To secure the aforesaid debt I hereby pledge all my property – both real and personal – by virtue of the Talmudic Act of Acquisition known as “Agav” (Moveable Property Gained Together with Real Property) whereby moveable property can be pledged as a consequence of pledging real property. NOTWITHSTANDING THE FOREGOING, THIS OBLIGATION SHALL BE RENDERED NULL AND VOID if the wishes expressed in my Last Will will be carried out in regard to any benefit that said Will benefits the obligee(s) above named, and none of my heirs contest the disposition of my property set forth therein in regard to any benefit that said Will benefits the obligee(s) above named. In the event that all my heirs contest or make objection to the disposition of my property made in my Last Will and Testament, in regard to any benefit that said Will benefits the obligee(s) above named, before a Jewish court, then the aforesaid obligation to the obligee(s) above named shall be deemed to vest absolutely. If one or more of my heirs contest the disposition of my property made in my Will in regard to any benefits that said Will benefits the obligee(s) above named (“Contesting Heirs”) and some of my heirs are willing to abide by my last wishes in regard to my any benefits that said Will benefits the obligee(s) above named (“Non-Contesting Heirs”), then: (a) With respect to my Non-Contesting Heirs, all of the above-named obligee(s) shall release such Non-contesting Heirs from honoring his (their) share of this obligation. In the event any of the above named obligee(s) fail or refuse to release a Non-Contesting Heir(s), then this obligation shall be null and void with respect to such obligee(s). (b) With respect to a Contesting Heir(s), any Contesting Heir will be required to honor his (their) share of his (their) obligation to the extent of his (their) share of the inheritance. The foregoing has been done in a Halachic manner, in accord with Talmudic Jurisprudence, with effective conditions and stipulations set forth in the manner of the children of Gad and the children of Reuven, and with effective acts of property transfer, and not in the manner of speculation. This instrument is not an impractical document, but a bona fide Halachic document, and even if it be in my possession at the time of my death, shall not be deemed invalid by reason of either proof of payment or failure of delivery. This document shall be considered a valid document, only if presented to a Jewish Court. In the case this document is presented to any secular court (federal or state, civil or criminal), it shall be deemed null and void.

Any recommended resources for this topic - articles, books, podcasts, etc?

Wow I'm genuinely surprised people even think to do this, let alone that it is common! If you don't want to setup a trust yet, you can describe the trust in your will, but definitely don't do this! As always, work with your lawyer! https://pca.st/episode/835b58c8-9a05-40f3-94c5-2c567c906c9e

Found a good intro to estate planning. Added to the canvas. https://frumfinance.slack.com/canvas/C04RE25QN2Y

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My work gives me access to will preparation services (as part of a supplemental benefit that I paid for) via a specific network of attorneys. Does anyone recognize any of these attorneys, or able to recommend any of them?

Estate Planning Case Study - Married with Young Kids Listen to your favorite podcasts online, in your browser. Discover the world's most powerful podcast player.

Woah! A spouse that you are only separated from can go after things in your estate, even that you moved into a trust! https://pca.st/episode/7f4b5ac0-ea2e-4f3f-aea9-35c07469987a