Living Trust or No Living Trust?
My mom and dad (in their 80's) were told by his attorney that he doesn't need a living trust; that they can accomplish the same things through a will.
Reading here, I see lengthy probate for their home in Texas, farm and mineral rights in Oklahoma.
Heirs after my mom would be my brother & his wife (no children) and myself and husband (4 children and 2 grandchildren). Dad's goal is that after my brother & wife and my husband and I are gone the farm and mineral rights in Oklahoma would follow blood lines. And, of course, he is particularly interested in avoiding taxes.
Any advice?
