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Show Senior Pulse Salina SunGunnison Valley News Wednesday, August 12, 1998 Page 2 In a tragedy, a living trust spared the second agony he did! The Results: Attorney fees $0! Would anyone bash the result? In contrast, consider the case of a cute Bountiful widow, Miss Daisy. She owned a home worth $60,000 and had $10,000 in CDS as a joint tenant with her husband. He died so the joint tenancy gave the home and CDS to Miss Daisy (his will didnt need to be probated because of joint tenancy.) Now, her name is on the home deed and certificates alone. So shes caught between a widows rock and a hard place. The rock is if she does nothing and dies then no ones name is on the deed. Its silent. So her will goes to probate because the kids cant get their name on the deed without probate. The hard place is if she puts the kids names on the deed before her by Del Rowe The Lamberts lived in Mt. Pleasant. They were in their seventies and theirestate was worth about $ 50,000. In May of 988, set up their Living Trust along with a Right to Die Will and Medical Powers of Attorney because Mr. Lambert went once a week to Utah Valley Hospital for dialysis. Right after Christmas that year they were traveling down Spanish Fork Canyon, spun out of control on black ice, and hit a van head on killing them both. So do you think their Trustee son from California would rather pay $3,000 to $8,000 and take two years of his life to probate this estate in Sanpete County or settle the entire estate and pay out the heirs the cash shares right after the funeral? Which 1 1 1 " death and any of the kids gets sued, filed bankruptcy, get nailed with an IRS tax lien, divorce, etc. then creditors can foreclose on her home and CDS. Now lets talk about what an attorney cou Id charge to probate a $70,000 estate. Presently attorneys can charge a reasonable fee.No more fee sched-uleSo whats reasonable? Who decides that? The attorney, right! (By the way the new attorney fee guideline being considered by the Utah Supreme Court is whatever the client agrees to pay.) How about a percentage, $100, $130 per hour or $250 per hour? Who has the advantage - the attorney, right! Incidentally, Judges rarely review fees anyway because most probates are unsupervised by the court. Attorneys s! 1 do still charge percentages. So back to Miss Daisy what do you think the attorney would charge on a $70,000 estate? And what about the executor (PR) fee, court costs and expenses, and delays? Do you think they could beat a $495 Family Trust for a single Senior? Hardly! AARP, Attorney fees and probate fees can Spend some time with a Senior -- Youll be one soon enough be smarter we are not Maxine Monroe But, going to and I doubt, well live our Senior years with the prominence, grace or charm of those old folks. If you associate with older people who enjoy their lifes you will be the one given the sense of lives meaning. To spend time and chat for a little while, to learn their views on questions that may confront the world along our local way and difficulties that theyve met. To listen what life has given them and find youve so much in common in many small ways. Taking some time out of our busy lives to spend with a Senior Citizen will give them some happiness but for you will be a gift from your heart that will keep your soul warm for a long, long time. by Lets define aged ok a period of time marked by prominence. Lets define Senior Citizen ok still having a claim on life. Senior Citizens in our area are a prominent group with many specialized qualifications. Not only do they still have their claim on life, they still claim our younger lives with their knowledge and their charms. The Senior Citizen population of our nation is around The next generation to become Seniors will be the largest population group ever. That means 570 million of we Seniors will be on this earth and above 20 in Utahs population. Well be healthier, living longer and consider ourselves a lot smarter than those old folks! 40. fdoctor will see you deplete the assets by as much as 0 in uncomplicated cases... Probates procedures...even with recent reforms are inappropriate for all but the most exceptional cases. I hope Seniors and AARP dont bash The Salt Lake Tribune too badly for suggesting you have to have a m i ion dol lar estate to warrant a Trust. You may want to watch out forMiss Daisy who probably wants to run over all the lawyers who set Seniors estates up to probate cause of a will! even now. TRUST VS. WILLS Intermountain Health Care is pleased to welcome Patrick H. Zimmerman, MD, to its outstanding staff of primary care physicians. WHICH IS RIGHT FOR YOU? A FREE Public Seminar Specializing in Family Medicine, including Obstetrics, Pediatrics and Womens Health, Dr. Zimmerman received his medical degree from Washington University and served his residency at the University of California, Davis. Dr. Zimmerman is now accepting new patients at the with Featured Speaker Attorney Del B. Rowe Medicaid Issues, e Wills & More Right-to-Di- Monday, August 17 at 7 p.m. Horseshoe Mountain Lodge 850 South Hwy 89 Mt. Pleasant, Utah IHC Physician Group Practice, 310 West Main, Salina. Tuesday, August 18 at 10 a.m. Ephraim Senior Center 85 West 100 North Ephraim, Utah Tuesday, August 18 at 3 p.m. Manti Senior Center 49 North Main Manti, Utah PLEASE COME HEAR THE RECENT CHANGES IN THE LAW CONCERNING INHERITANCE TAX, CAPITAL GAINS AND PERSONAL EXEMPTIONS. "A Family Living Trust Can Avoid the Probate Trap FOR MORE INFORMATION DOI Office hours are 9 a.m. to 5 p.m. Monday, Tuesday and Thursday ; Friday 9 am to 12 noon. B. ROWO, 750 South Main, 102 CALL: ATTORNEY AT LAW Bountiful, Utah 84010 (801)298-064- 0 IHC IHC Physician Group A Service of Intermountain Health Care 310 West Main Salina, Utah 84654 529-74- 11 Doctors, hospitals, and health plans working together for you. St. George (435) 652-942- 8 receive a FREE wallet-siz- e Will and will be entitled to a FREE private consultation, i (Please call for a FREE Consultation if you cannot attend the seminar) All guests will Right-to-Di- T |