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Coffee Shop
Will
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<blockquote data-quote="sstterry" data-source="post: 1694181" data-attributes="member: 28912"><p>Why would a neighbor have any standing to contest a Will?</p><p></p><p>As I said above, I am not a big fan of trusts for Estate Planning, but I am not an estate planning attorney or a tax specialist. For most people, trusts are not needed.</p><p></p><p> I had a neighbor that was very wealthy (just an old dirt farmer that created a way to purify ceramics in his barn...we are talking lots of millions in assets). Great salt-of-the-earth guy, but he listened to too many people and got all of his assets tied up in Trusts. Instead of his farm going to his kids, it was sold at a Federal Tax Auction because his lawyers and accountants tried to be too cute with tax avoidance using trusts.</p></blockquote><p></p>
[QUOTE="sstterry, post: 1694181, member: 28912"] Why would a neighbor have any standing to contest a Will? As I said above, I am not a big fan of trusts for Estate Planning, but I am not an estate planning attorney or a tax specialist. For most people, trusts are not needed. I had a neighbor that was very wealthy (just an old dirt farmer that created a way to purify ceramics in his barn...we are talking lots of millions in assets). Great salt-of-the-earth guy, but he listened to too many people and got all of his assets tied up in Trusts. Instead of his farm going to his kids, it was sold at a Federal Tax Auction because his lawyers and accountants tried to be too cute with tax avoidance using trusts. [/QUOTE]
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