Susan Foy shared some more insight about wills and trusts. Here’s what you need to know about them.
I’m here again today with Susan Foy, an estate planning attorney, and she'll be answering more important questions about wills and trusts. If you missed the first message we shared on this topic, you can watch it here.
How long does it take to get a trust in place? Susan is able to turn around drafts within two weeks. Then it depends on how quickly the client would like to move forward. She does encounter emergency situations where people need trusts or wills right away, and she does her best to meet these requests.
She’s helped clients who were dying and hadn’t yet created trusts, and she’s even helped me when my wife and I were about to take an international trip and leave and the country and we wanted to get things in order. Certain situations can definitely be accommodated.
When you have assets and other responsibilities, it’s important that you have a plan in case the worst happens. It’s great to have someone like Susan who can give you the peace of mind that all of your wishes will be taken care of.
How much does a trust typically cost? It really depends on your circumstances and the complexity of the estate, but they normally cost around $2,000. Susan does amendments on an hourly basis, but there are always different ways to handle it.
When it comes to these processes, you often get what you pay for. Going through a cheaper alternative could mean important items or legal matters are missed in your wills or trusts.
I’d like to thank Susan for giving us some great information about trusts and wills today. You can visit her website at www.SusanFarrisFoy.com. If you have any other questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon.