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US revocable trust question

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US revocable trust question

Post by RobSg » Sun, 19 Feb 2012 8:04 am

Hi all-

I'm sorry to ask this question here, but I think there might be some US citizens that have the same concern. I have been negligent in establishing a revocable trust. I am American, but a permanent resident in Singapore and semi-retired, and slowly working toward no work at all here.

Here is my question- How does one establish a revocable trust when living overseas, which in my case I think would be better than a will. I can complete the paperwork for a revocable trust from Suze Orman's website for a small amount of money, but do I need to be in the States or at least have an address in the states in order to do this? Also, does the revocable trust cover the bank account I have in Singapore?

Thank you.


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Post by Mad Scientist » Mon, 20 Feb 2012 8:24 am

I am not too sure about what you are after but we did set up a family trust in OZ which encompasse anything that we have plus a will included. It can be revoked by either myself or the wife. The trust is held by a family lawyer to safeguard our children in the future.
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Post by carteki » Mon, 20 Feb 2012 12:03 pm

I really would get some proper (ie paid for) advice on this matter - unless you really know what you're doing and it is just the paperwork that you need help with. By trying to skimp on fees you may land up spending more money on other stuff that you didn't know about.

PS - I do not have specific knowledge on the subject matter and am not trying to "sell anything". It is just my personal opinion.

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