on a revocable living trust being distrubted, on a 750,000 dollar estate i get 10% how much is that ? do i set up a trust?

There are some expenses involved with administering a trust. For a trust this size, depending on the assets and the number of beneficiareice, ect. the costs can range from $5000 to $30,000. There should be no estate taxes, assuming the grantor did not make any large gifts during his/her lifetime. I would expect that you would receive something in the range of $70,000 to $74,000.

I recomend that you consult a lawyer to represent you, especially if the trustee does not have a lawyer helping them.

People set up trust for many reasons. It is hard to say if you need a trust based on the information you have given me. If you own real estate, or if you have beneficiaries that may not be able to manage there own affairs, or who may have creditors or a bad marrage, or if you are concerned about who would manage your affairs if you should become incapacitated, then you should set up a trust.

Near you is the Law Office of Rick Fenelli, on El Toro Rd. 949 699-0000 I have known them many years and highly recomend them.

Marty Burbank, JD, LLM
www.martyburbanklaw.com

I'm assuming you are getting SSI (Supplemental Security Income). You have to carefully review the $750,000 trust to see if there are any Special Needs provisions in it for you, otherwise if you net $70K or so, it might disqualify your SSI benefits.

It might be possible to partially disclaim some of your interest in the trust, in order to preserve SSI but allow you to buy your motorcycle.

Good luck!

You should consult a well qualified, elder law attorney in your area.

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