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Author: [General Discussion] Topic: Making out a WILL next week.
Coloneljim
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Coloneljim
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#1
Posted: 5/28/2012 2:12:28 PM
Talk about depressing. My wife makes an appointment to have a will made out. Is there anything I should know going in besides the obvious?  What do I have to bring? Any tips or advice would be welcomed.
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Kelly_Slater
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#2
Posted: 5/28/2012 3:18:31 PM
I will send you my govt. name so you can include me 

I already have direct tv so cash is king 

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#3
Posted: 5/28/2012 3:41:42 PM
I suggest DIY if you don't want to feel like you got hosed. I took an existing will to an attorney for some modifications...easy peasy...until she says "This is a simple change...we will only charge you one hour for this...$225" Yikes
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depeche2
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#4
Posted: 5/28/2012 3:45:01 PM
The attorney should have an estate planning intake form for you to complete.  Some info to provide:

1. Listing of your assets with title and beneficiary designations
2. Names of fiduciaries -- executor, trustee, agents, etc.
3. Identify beneficiaries (i.e. kids) and ages for distributions.

Those are the basics.  Let the attorney know if you have any special issues or special beneficiaries.  Also consider all contingencies, like if any beneficiary predeceases you.
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depeche2
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#5
Posted: 5/28/2012 3:45:59 PM
QUOTE Originally Posted by Johnzimbo34:

I suggest DIY if you don't want to feel like you got hosed. I took an existing will to an attorney for some modifications...easy peasy...until she says "This is a simple change...we will only charge you one hour for this...$225" Yikes


Seems like a perfectly reasonable fee to me.
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depeche2
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#6
Posted: 5/28/2012 3:47:22 PM
QUOTE Originally Posted by Johnzimbo34:

I suggest DIY if you don't want to feel like you got hosed. I took an existing will to an attorney for some modifications...easy peasy...until she says "This is a simple change...we will only charge you one hour for this...$225" Yikes


And it's never easy peasy to amend another attorney's docs, or worse yet DIY docs, because you have to read them carefully to make sure everything is clear and fits.  Can't just read a small part and change.  Could be malpractice.
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#7
Posted: 5/28/2012 4:42:16 PM
plan to give some away.  tax benefits are very good with planned giving

congrats on a will.  you need that garbage if you have a spouse and/or children
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#8
Posted: 5/28/2012 4:44:05 PM
oh yeah,

make sure your attorney has experience in drawing up this garbage.  many an attorney does not no garbage about wills/estates. 
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Coloneljim
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#9
Posted: 5/28/2012 6:05:54 PM

Great information. It has me feeling a little more comfortable going in. Thanks fellas. 

And for Kelly, make sure you keep checking your mailbox for that check you'll be getting when I croak.

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Johnzimbo34
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#10
Posted: 5/28/2012 7:55:04 PM
QUOTE

Originally Posted by depeche2:



And it's never easy peasy to amend another attorney's docs, or worse yet DIY docs, because you have to read them carefully to make sure everything is clear and fits.  Can't just read a small part and change.  Could be malpractice.

Twas the same attorney who created the original. I am sure they would have charged well over $500 to create the original but my company picked up the tab. Had that not been the case, I would have used Legalzoom

 

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#11
Posted: 5/28/2012 9:55:01 PM

Don't be depressed.....

This is your chance to leave your stuff to those u love....

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I-Got-5-On-It
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#12
Posted: 5/29/2012 6:45:40 PM
make sure to leave the wife out of it

that'll keep her quiet in future
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