John T----I always appreciate both yours and Mikes comments on these issues.
Some of the hot shots charge that 7% in my area as well....on a $1 mil estate that fee is pretty costly compared to the cost of a trust..even at 2%...
There are a lot of "small" farmers with 1/2 sections of land that are worth $3000/acre that may be better off paying the $3500 vs. the 2-7% "fee". Most of the operating farms are larger.
But...like both you and Mike said, most people walk out of the attorney office with that nice leather folder and then never follow thru with the written recommendation to title assets into the trust.....
WI affidavit range is 50K as well. Most "poor" folks can do just fine with jointly held assets, and P.O.D. and T.O.D."s.
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Today's Featured Article - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
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