Aw, thanks Brem. This is a perfect thread.
My gripe that I want to vent about is having a will and still having to do probate.
My mother recently passed away and we found out that we still have to do probate for her estate even though we have a will. The only way to avoid Probate in Texas is to have trusts setup for the cars, bank accounts and houses. Pretty bogus if you ask me.
The Probate Lawyer said Texas has the easiest probate rules and it is the least expensive too. It still is going to cost a bunch to do.
So, if you don't have a will, get one since all assets go into probate and it even costs more. If you can afford a trust, get that too so you can avoid probate all together. Here's a big one for Texas at least and I'm sure it applies to other states as well. Make sure your assets do not pass via will to minors (less than 18 years old) or it will have to go into Probate Court and then they appoint a guardian, which is very costly. A guy told me that his two aunts did not have a will and the 24 relatives wasted $100K in lawyer fees fighting over assets and the $100K house sold for $10K since the lawyers wasted a bunch of time in Probate Court with selling it and it was vandalized.
So my tip of the day is to plan now instead of suffering later.