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Need a will
Posted on 11/13/17 at 6:42 am
Posted on 11/13/17 at 6:42 am
Don’t want to spend 500 on a will. My estate is pretty simple(2 sons split evenly). What are some good options?
Posted on 11/13/17 at 7:00 am to kjntgr
Write it out on a piece of paper and go get it notarized.
Posted on 11/13/17 at 7:21 am to kjntgr
Estate Planning is almost never "simple." I have clients tell me that all the time and maybe 1/10 estate plans are simple. I don't charge $500 for a will and don't know of any board certified attorneys that charge $500. You'd be much better of paying. Not to mention there are lifetime documents you will need that you don't know about (and are more important than the will).
Posted on 11/13/17 at 11:07 am to kjntgr
quote:
Don’t want to spend 500 on a will. My estate is pretty simple(2 sons split evenly). What are some good options?
Do you have beneficiaries specified on your accounts?
Do you have your medical POA squared away as well? That's probably more important.
Have you written down your wishes in case you're unable to make your own healthcare decisions?
How about the funeral? Cremation or burial?
Do you keep and actively update a list of people who should be contacted if something happens?
Posted on 11/13/17 at 1:46 pm to kjntgr
Write it on a piece of paper in your own handwriting. No notarization necessary.
Posted on 11/13/17 at 5:29 pm to Quinn225
Legalzoom worked fine for me. Have it notarized and you're done.
Posted on 11/13/17 at 6:01 pm to tigereye58
Legalzoom is going to make so many attorneys so much damn money from people doing their own documents
Posted on 11/13/17 at 6:05 pm to TheOcean
quote:
Legalzoom is going to make so many attorneys so much damn money from people doing their own documents
Yep.
How's it going? How did the job search turn out?
Posted on 11/13/17 at 7:39 pm to TheOcean
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.
I need to do make one but I don’t have complicated finances and only one beneficiary.
Posted on 11/13/17 at 7:51 pm to MSTiger33
Doing great man, have my own little practice and things are going well.
How's the new gig?
How's the new gig?
Posted on 11/13/17 at 7:55 pm to lynxcat
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.
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 on 11/13/17 at 7:59 pm to lynxcat
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.
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
Posted on 11/14/17 at 9:11 pm to TheOcean
It’s good. Don’t plan on going back to private practice any time soon.
Posted on 11/15/17 at 7:42 am to tigereye58
quote:
Legalzoom worked fine for me. Have it notarized and you're done.
You're not dead yet, so you don't really know how well it worked.
Even getting a valid form notarized is fraught with peril if you get Hazel down at the bank or Judy with a notary sign in her yard to do it. Sorry lawyers screw it up too.
For example, wills have been kicked out because the notary and witnesses did not all sign in front of each other (as in, Chester, can you come in here and witness what we just signed while you were watching the game?).
And how good is that form? I agree with this guy:
quote:LINK
Because of Louisiana’s strict requirements, it is particularly dangerous to rely on a generic “Last Will and Testament” form from a non-attorney. Failure to get the form exactly right will result in an invalid document or, perhaps worse, lead to estate litigation. Although this is true in most states, it is especially important in Louisiana due to Louisiana’s unique civil law system. Most companies that prepare generic will forms are not familiar with these rules.
Get Powers of Attorney
We are dealing with older parents now, and the powers of attorney have been a godsend. They've allowed us to talk to the docs about medical issues, handle the sale and purchase of two homes, deal with tax assessor issues, etc. Those could have been a nightmare without the POAs.
Folks often wait until pops is in a coma or is in dementia to think about it, and then it is too late. An incompetent person can't grant a POA, but if it was done right beforehand, the POA will continue to be valid even after he loses competency.
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