In fact, we don't even have the original documents so we lose nothing if the house burns down or some zealous lawyer steals our binder. The original is in a fireproof safe in the attorney's office. The attorney also promised to send a letter each year asking us if certain things have happened that would affect the trust. If we call him, he'll make the changes necessary - free. If we don't call him, he'll call us. And the changes will still be free. Heck of a deal!
It was interesting to see that our previous living trust was signed on October 13 exactly the same day that we signed this one. Maybe we get anxious about such things every 8 years or so much has happened to us these past 8 years that we just had to do it. But this time was handled so much better than the experience 8 years ago. It was like night and day. I think we got the one 8 years ago in a charity auction and the guy treated us like he couldn't wait to get us out of his office. This time we got the feeling like he would spend as much time as we needed but we didn't take any more time than the last time.
If he was charging you lawyer's rates by the hour then I'm not surprised he offered you as much time as you needed. If it was a fixed total rate, then I'm quite impressed.
ReplyDeleteHe has a flat rate which he cut in half because we already had a living trust in place. Our previous lawyer was also working on a flat rate and he made it obvious that he was short on time.
ReplyDeleteDid you change who the Executor the backup are? Or are they still the same?
ReplyDeleteSince you are so pleased, may I consider this a recommendation? Randy and I have talked about getting a living trust for years, but....
ReplyDelete