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re: Need a will

Posted on 11/13/17 at 7:39 pm to
Posted by lynxcat
Member since Jan 2008
24207 posts
Posted on 11/13/17 at 7:39 pm to
Why is a will and POA so complicated?

I need to do make one but I don’t have complicated finances and only one beneficiary.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42571 posts
Posted on 11/13/17 at 7:55 pm to
Will can be very easy to frick up. For instance I had a guy come in last week who did his own will and had a provision in there that basically wiped out his homestead creditor protection after he died. Often the provisions are well drafted, but non attorneys don't understand when provisions should or shouldn't be in the will. Also, if you want to avoid probate for your loved ones then you will need some sort of legal advice on how to structure your assets.

POA is extremely important here in Florida. If you want your POA to do X, X better be clearly stated in the document. There are firms that only have a guardianship practice because clients have so many poorly drafted POAs.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42571 posts
Posted on 11/13/17 at 7:59 pm to
I charge $600-$650 for the basic will package. That's about two and a half hours of my time. Those documents will last you 5-10 years. Well worth the $10/month for the peace of mind knowing that if something happens to you and you become incapacitated someone you want will be able to step in and handle your shite. Poorly drafted documents from cheap attorneys or legal zoom documents = recipe for disaster down the road.

Then when you get married or have more substantial assets you can update your plan and maybe add a trust or get into some more complicated asset protection.
This post was edited on 11/13/17 at 8:01 pm
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