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by CareyBot

DEAR BOB: My will provides that my assets, consisting of my primary house, a Florida luxury condo, several rental properties, various bank and stock brokerage accounts, and two automobiles are left to my five living children (one died a few years ago). I recently consulted an attorney about this arrangement. She said it was a very bad idea to have a will leaving my assets equally to five children. Her advice is they will fight over the assets and the probate costs will consume a substantial portion. Instead, she recommends a living trust to avoid probate costs in the three states where I own property and to specify that after I die all my assets be sold with the net proceeds then divided among my living children. Does this make sense to you? – Rick R. DEAR RICK: Yes. Your legal coun...