We have renter's insurance and life insurance, but I've been meaning to pull a will together for years. Now that we have 2 kids, I really can't put it off any longer!
I know you can download basic templates online, but I'm thinking about meeting with a lawyer and getting it all done.
Do you have a will? How did you create one?
GOLD / wonderful coffee bean / 18478 posts
Yes, we hired a lawyer to do it, though. Easy but expensive.
pear / 1554 posts
Yes, we have a will. Our lawyer friend drew it up for us. We actually have to fix it because we made the will prekids.
hostess / papaya / 10540 posts
Not yet, but we have been talking about it and talking to some people. Apparently, the way to go is with a living trust. From my understanding it is easier so things don't get stuck in the courts for a couple of years. We've also been told that if you can find a good paralegal you can often save money.
coffee bean / 41 posts
We just had one done on Friday. A lawyer my dad knows was able to do it for us. I had thought about doing it online but I was afraid I may do something wrong. Our will lists how our money is to be put into a trust for children to be managed by my dad if we were both to pass away. I still want to know more about how wills and trusts work, and need to do more research. From what I understood from our meeting it seems the will mostly states how you would like things to go but it still has to go through probate/court to be okayed in a way I guess.
hostess / wonderful honeydew / 32460 posts
No will yet! Husband has one but needs to get it revised since it was drafted before he got married.
GOLD / wonderful apricot / 22646 posts
Ditto @BOOGS comment. Living trusts saves time, court costs, etc.
Here's a brief overview between Wills & Trusts:
http://www.legalzoom.com/planning-your-estate/estate-planning-basics/will-vs-living-trust-whats
GOLD / pomelo / 5167 posts
Not yet, but it's on our todo list. I know the importance, I just need to do it.
For US peeps, I know Dave Ramsey recommends http://www.uslegalforms.com/
coffee bean / 34 posts
We hired a lawyer (that was included with my husband's insurance). It seemed much easier to have a go-to lawyer (as opposed to diy) so that we can update it later on, and not have to worry about filing paperwork, etc.
GOLD / cantaloupe / 6703 posts
We'll probably do DIY style. When I was 16 I wrote out a basic will for my parents so I imagine that I'll write out ours. Also, the community centers in our neighborhood offer a cheap class of those types of forms and show people how to DIY, plus they have a notary available the last session, so we might go that route. I think our plan is to do a living trust and power of attorney for now.
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