Dear Editor,
Attention … this is to clear up a very long time misunderstanding and incorrect information with a large number of the population.
There has been a long time belief that people need to have a trust rather than a will in order to eliminate robate and other delays related to residential-commercial property upon death. This is misinformation and totally incorrect.
A will along with a state document beneficiary deed (beneficiary deed transfer of property upon death) is a state-wide document that lists your beneficiaries and is signed by a notary public. It lists your property parcel number and address.
The document is then mailed to the county for review, coped, recorded, filed and stamped and returned to you for your record. There is no need to mail the will. This eliminates any probate and delays … period!
The vast majority of the population who owns one property (your home), falls under this situation and has no need for a trust, which is much more expensive than a will along with this document.
If you are wondering why a trust is more expensive, it’s because the people and companies providing this service love making much more money selling you the idea of a trust rather than will and this document.
The issue and need of a trust is for the few people who may own several properties in different locations or for people or companies who may have large commercial type properties and such.
Typically the people or firms that provide a will and trusts, charge about $1,500 to $2,000 for a trust. A will along with a beneficiary deed mentioned above can be provided for about $300, plus or minus.
I had Mohave Outpost on Stockton Hill Road at the corner of Pacific Avenue in Kingman do mine.
So now there is no need for further long time misunderstanding or misinformation. Don’t be fooled any longer and don’t spend more money than you need too. I hope this helps.
Don Heck
Republican Precinct Committeeman
Precinct 216, District 4
