Finalizing Our Plans For the Future

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We had another meeting with our attorney today to finalize the plans for protecting our assets. We finally decided that we would create a trust. In Connecticut it needs to be a irrevocable trust. We will place our home here and our home in Florida in the trust. We considered very carefully if this was the best step for us and our children and decided that it was. We can still sell either home, we just need to put the proceeds of the sale in the trust. We can then write checks from the trust so we have access to the money from the sale of our home. We made our two youngest children the trustees of the trust in case one of us dies and the other become incapacitated. Our eldest son is the executor of the rest of our estate. This way all the kids have a position of responsibility We will have to go back next week to sign the official paperwork. Then we can relax and just let the five years pass so that everything is safe. One more thing knocked off our list of things we need to do to plan our future.