My wife and I had a revocable living trust before she passed away 3 years ago. It was a second marriage for both of us and we were both retired and both had grown children from previous a marriage, to which we wanted our individule assets to pass to. Upon death a revocable trust becomes an irrevocable trust. We were joint trustee's on each others trust with each of our own children as successor trustees ,one at a time (first,second,third,etc.) This trust worked very well as her assets ( CD's,stocks,accounts,etc.) were distributed to her children equally,and with only real estate left, I passed the trust to her son ,who was first successor trustee. All this was done with the guidance of a trust attorney.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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