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  • FIRST POST
    • Kerri7767
    • By Kerri7767 12th Jun 17, 7:42 PM
    • 43Posts
    • 9Thanks
    Kerri7767
    Property into trust fund instead of paying probate
    • #1
    • 12th Jun 17, 7:42 PM
    Property into trust fund instead of paying probate 12th Jun 17 at 7:42 PM
    Hi I'm posting on behalf of my dad , he's been to sort out his will.

    Dad mortgage is paid off he lives alone no wife . He has 2 daughters . He had been advised that when he does probate will happen . But then also mentioned putting his house into a trust friend to escape probate but it will cost 3 grand .

    Cabt he just it house into our names instead of trust fund.

    What are the cons to trust fund , it doesn't sound straight forward to me . Thanks !
Page 2
    • Kerri7767
    • By Kerri7767 12th Jun 17, 11:50 PM
    • 43 Posts
    • 9 Thanks
    Kerri7767
    May I ask do you work working solicitors and probate etc , you both have great knowledge!!!
    • Yorkshireman99
    • By Yorkshireman99 13th Jun 17, 3:17 AM
    • 2,667 Posts
    • 2,105 Thanks
    Yorkshireman99
    Thank you for all your help , I did read on the internet thatbwirh these trusts probate isn't needed . But as we know not everything can be believed !
    Originally posted by Kerri7767
    There are a number of people pedalling these con schemes. First I have heard by a solicitor. Maybe your dad has spoken to one of them rather than his solicitor.
    • Yorkshireman99
    • By Yorkshireman99 13th Jun 17, 3:21 AM
    • 2,667 Posts
    • 2,105 Thanks
    Yorkshireman99
    May I ask do you work working solicitors and probate etc , you both have great knowledge!!!
    Originally posted by Kerri7767
    I don't. I have just been an executor several times and am interested in wills as a genealogist.
    • securityguy
    • By securityguy 13th Jun 17, 3:41 PM
    • 2,364 Posts
    • 3,613 Thanks
    securityguy
    No need for my usual chiming in to say "don't waste your money", but "don't waste your money". How is it that the simple process of obtaining probate over a simple estate has become something for which cockamamie schemes are dreamt up to avoid?
    • Yorkshireman99
    • By Yorkshireman99 13th Jun 17, 3:56 PM
    • 2,667 Posts
    • 2,105 Thanks
    Yorkshireman99
    No need for my usual chiming in to say "don't waste your money", but "don't waste your money". How is it that the simple process of obtaining probate over a simple estate has become something for which cockamamie schemes are dreamt up to avoid?
    Originally posted by securityguy
    just that a lot of people don't understand it and the shysters are always looking out for ways to con the gullible. Maybe sixth formers should be taught some practical skills on this and other everyday things that likely to affect most people at some time.
    • securityguy
    • By securityguy 13th Jun 17, 5:17 PM
    • 2,364 Posts
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    securityguy
    "Maybe sixth formers should be taught some practical skills on this"

    Without wishing to be qualificationist, I rather doubt the targets for these schemes spent much time in further education.
    • Yorkshireman99
    • By Yorkshireman99 13th Jun 17, 5:40 PM
    • 2,667 Posts
    • 2,105 Thanks
    Yorkshireman99
    You are probably correct. That is no reason not teach life skills rather than less useful thins.
    • securityguy
    • By securityguy 13th Jun 17, 6:00 PM
    • 2,364 Posts
    • 3,613 Thanks
    securityguy
    "That is no reason not teach life skills rather than less useful things"

    Such as what, YM? Which of A Level maths, physics and computer science would you say is "less useful" for my computer science undergraduates?
    • Red-Squirrel
    • By Red-Squirrel 13th Jun 17, 8:50 PM
    • 1,406 Posts
    • 3,707 Thanks
    Red-Squirrel
    You are probably correct. That is no reason not teach life skills rather than less useful thins.
    Originally posted by Yorkshireman99
    The best way is probably for families to involve older children in these kinds of things when they happen, and to get over the weird 'don't tell the kids anything at all about our family finances' attitude that we have in this country!
    • Owain Moneysaver
    • By Owain Moneysaver 13th Jun 17, 9:58 PM
    • 7,320 Posts
    • 7,715 Thanks
    Owain Moneysaver
    Which of A Level maths, physics and computer science would you say is "less useful" for my computer science undergraduates?
    Originally posted by securityguy
    Probably computer science as they're more likely to pick up bad habits or misconceptions in school which then have to be unlearned.
    A kind word lasts a minute, a skelped erse is sair for a day.
    • Yorkshireman99
    • By Yorkshireman99 13th Jun 17, 10:22 PM
    • 2,667 Posts
    • 2,105 Thanks
    Yorkshireman99
    "That is no reason not teach life skills rather than less useful things"

    Such as what, YM? Which of A Level maths, physics and computer science would you say is "less useful" for my computer science undergraduates?
    Originally posted by securityguy
    What is needed is a balance between life skills and academic ones. Just concentrating on academic skills does not produce what is needed for the real world.
    • securityguy
    • By securityguy 13th Jun 17, 11:11 PM
    • 2,364 Posts
    • 3,613 Thanks
    securityguy
    Probably computer science as they're more likely to pick up bad habits or misconceptions in school which then have to be unlearned.
    Originally posted by Owain Moneysaver
    We used to think that. The results say otherwise.
    • Malthusian
    • By Malthusian 14th Jun 17, 9:56 AM
    • 2,428 Posts
    • 3,385 Thanks
    Malthusian
    I am interested in finance and if someone had tried to teach me about probate of all things at school I would have taken the opportunity to have a nap and be refreshed for proper lessons. How much interest do you think teenagers who aren't future MSE members are likely to show? They aren't likely to need the lessons for 30 years or more, by which time if they're lucky they will have forgotten it, and if they are unlucky they will remember scraps of something that is completely out of date.

    I agree that schools could do better at teaching children life skills, specifically those of rationality, skepticism and scientific enquiry, which would make them much less susceptible to scams. Teaching them how probate works is pointless; opening their minds so that when someone says "probate is really complicated but I have a magic solution that will make it easy for just a hmmenehhmmenehhmmeneh" they question what they're being told - that's what's of value to them. However that is not going to happen under the present educational system where 2+2=4 is held to be less important than respecting the beliefs and cultures of people who say that 2+2=5.
    • securityguy
    • By securityguy 14th Jun 17, 10:20 AM
    • 2,364 Posts
    • 3,613 Thanks
    securityguy
    I agree that schools could do better at teaching children life skills, specifically those of rationality, skepticism and scientific enquiry,
    Originally posted by Malthusian
    Give a man a fish, teach a man to fish, etc. Schools should be teaching people how to investigate and learn, not facts about particular topics. The nonsense we get into when people say they have "researched" vaccines, probate and so on, but in fact have googled uncritically and been unable to make judgements about the credibility of what they have read, is not fixed by attempting to teach people everything about vaccines and probate. It's fixed by giving the the critical skills to lean. Otherwise, it's saying that you can't do anything which is new since you were 18.
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