The nice thing about this forum is that you can rant and get it off your chest and get a tap on the forehead by the force of reason. Thanks Husker.
Bowtie, thanks for rubbing salt in the wound!
Texas, They are one way to transfer ownership of assets like cars and homes (and scooters) to someone (like your kids) when you die, without going through probate. My mother had almost everything in a revocable trust (not a lot of $$ but car etc) but her "double wide in FL" was not. The only hassle taking care of her estate was the house. We had to hire a lawyer (cha-ching) to process the home through FL probate. Still don't know why she didn't have the house in the trust. It's a little more complicated than that but that's the short version. When I got through settling her estate, my wife and I decided we'd put everything in a revocable trust. IF we get screened through a Mac grill at 70 (mph not years.. well, years too) the kids get everything with a minimum of hassle. Can you tell I'm a fan of revocable trusts?
Pete