Will or Trust My sickly and disabled mother owns property and wants to give me…

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Will or Trust
My sickly and disabled mother owns property and wants to give me general power of attorney and also a will for property.Is a will different from trust.Which is best.

Sal

2 thoughts on “Will or Trust My sickly and disabled mother owns property and wants to give me…”

  1. Re: Will or Trust
    The better one is strictly determined by the facts of the situation. As a general rule a trust tends to be overkill.

    Peter Bradie
    Bradie, Bradie & Bradie
    6606 FM 1488, Suite 148-363
    Magnolia, TX 77354-2544

  2. Re: Will or Trust
    If the property is gifted before death then the recipient will take title to the property at the prior owner’s basis and is usually liable for hefty capital gains tax when the property is sold. If it is inherited, then the value at the time of inheritance is established at the time of death (known as a stepped-up basis). Thus, taking under a will is generally better.

    Cheryl Rivera Smith
    The Smith Law Firm
    11660 Creek Point Drive
    Frisco, TX 75035-8278

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