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Question on Wills/Estate
Posted on 6/18/26 at 1:14 pm
Posted on 6/18/26 at 1:14 pm
Since our children have reached legal adult status, we need to revise our will. The attorney who previously did it no longer practices.
Would something downloaded online and notarized suffice?
We have real property and investment/retirement accounts, that's about it.
We have two children and want them to serve as co-executors, and everything we own divided 50/50 between the two of them.
Would something downloaded online and notarized suffice?
We have real property and investment/retirement accounts, that's about it.
We have two children and want them to serve as co-executors, and everything we own divided 50/50 between the two of them.
This post was edited on 6/18/26 at 1:16 pm
17
Posted on 6/18/26 at 1:17 pm to Hewonbyalot
Whatchoo talkin bout
quote:?
Wills
Posted on 6/18/26 at 1:27 pm to Hewonbyalot
Don't try to do important legal shite on your own.
Posted on 6/18/26 at 1:29 pm to Hewonbyalot
quote:
Would something downloaded online and notarized suffice?
Texas allows this and even provides the boiler plate on their web site. Not sure if Louisiana allows it though.
Posted on 6/18/26 at 1:35 pm to wesfau
Yes, very important, but very simple.
No shared financial partnerships with anyone else in anything.
Everything divided equally between two beneficiaries.
No debt.
No shared financial partnerships with anyone else in anything.
Everything divided equally between two beneficiaries.
No debt.
Posted on 6/18/26 at 1:35 pm to Hewonbyalot
quote:
We have two children and want them to serve as co-executors
What if there is some sort of ambiguity and they disagree? You should have one executor with a backup. You know who can give you advice like that? An attorney.
Ask your local bar association for recommendations and go to an actual attorney
Posted on 6/18/26 at 1:37 pm to Hewonbyalot
There are lots of considerations and scenarios that could foul your plan. Best to talk it through with someone who knows what those pitfalls look like.
Or trust that when the money hits the table everyone will be cool.
Spoiler: they will not, regardless of the quality of their relationship.
Or trust that when the money hits the table everyone will be cool.
Spoiler: they will not, regardless of the quality of their relationship.
Posted on 6/18/26 at 1:43 pm to Hewonbyalot
quote:
Would something downloaded online and notarized suffice?
What state are you in? Some allow holographic wills; meaning if it's entirely written in your handwriting and signed by you at the end it doesn't need to be notarized.
Posted on 6/18/26 at 1:45 pm to Hewonbyalot
I suggest hiring an experienced wills/estate law practicioner to handle this matter.
You may want to establish a living trust.
You may want to establish a living trust.
Posted on 6/18/26 at 1:51 pm to Hewonbyalot
Yes, definitely do something on your own that involves transferring all of your worldy possessions you've worked your entire life for to your children just to save a grand or two 
This post was edited on 6/18/26 at 1:52 pm
Posted on 6/18/26 at 1:53 pm to Hewonbyalot
Put something in the will like whoever gives you grandkids first gets everything.
Posted on 6/18/26 at 2:02 pm to Hewonbyalot
So do they know who gets the engagement diamond?
Or other particular items they could fight over. The only item I wanted from my grandparents was an antique clock. Cousin took it.
Or other particular items they could fight over. The only item I wanted from my grandparents was an antique clock. Cousin took it.
Posted on 6/18/26 at 2:03 pm to Hewonbyalot
quote:The layperson who attempts to play lawyer has a fool for his client.
Would something downloaded online and notarized suffice?
Posted on 6/18/26 at 2:06 pm to wesfau
Spoiler: they will not, regardless of the quality of their relationship.
Disagree.
Parents were divorced so have been through it twice with my sibling. Zero issues either time. One parent had no will, other's was very general terms, "to be divided equally between A & B"
Disagree.
Parents were divorced so have been through it twice with my sibling. Zero issues either time. One parent had no will, other's was very general terms, "to be divided equally between A & B"
Posted on 6/18/26 at 2:20 pm to OffTheRails
quote:
Olographic. Not a Hologram.
No, I meant what I typed. It’s called a holographic will in Tennessee
Posted on 6/18/26 at 2:23 pm to Hewonbyalot
Hire a professional. Does your beneficiary on your investment account supersede your will?
Posted on 6/18/26 at 2:43 pm to Hewonbyalot
quote:
We have real property and investment/retirement accounts, that's about it.
Retirement accounts and Life Insurance policies are governed by beneficiaries listed with the respective accounts not the will.
So the only asset you mentioned that would be covered by the will is "real property." Unless you want to modify the division of the property I'm not sure why you would need to update your will. I fail to see where kids age comes into play unless you were giving the property to their steward and not to your kids?
Posted on 6/18/26 at 2:44 pm to kciDAtaE
quote:
Does your beneficiary on your investment account supersede your will?
Yea
Posted on 6/18/26 at 2:47 pm to Hewonbyalot
The good news is that even if you screw it up (which is not unlikely) the result will probably be the same anyway as your children are your heirs in the nearest degree. If you and your wife want to leave ownership to each other when the first one dies, that is a different story.
If you have valuable assets, go to a lawyer and get a real will instead of trying to save a few hundred bucks.
If you have valuable assets, go to a lawyer and get a real will instead of trying to save a few hundred bucks.
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