An honest look at family finances
24 Sep
You guys will be so proud of me! In my post, creating wills online, I admitted we don’t have a very important piece of financial planning, a will, and asked for advice in a cheap way to get one. Most of you said to go to a lawyer. You reminded me you get what you pay for, and this isn’t something you want want to skimp out on. I’ve come to agree.
Seeing it written out in black and white that we don’t have a will really got me motivated. We talked about how we were going to get the money to do this. We decided to use some of the money we have set aside for the backyard. Which stinks cause that means we have the full $7,300 to pay back by making payments, but I think it has to be done.
So I called some lawyers around here and asked for prices. The first place I called I was put on hold and then told by the receptionist it would be between $1,500 and $2,500 depending on how complicated I wanted to get. I would assume that ours would be closer to the $1,500 side. We just don’t have that much to give away. But then I called another firm and was put right through to the actual lawyer… which I thought was nice. He asked me a bunch of questions and said it would be between $650 (no trust) and $1,200 (with trust). He said we could discuss it more when we meet and decide what is best. But either way, it’s cheaper than the first place, and more in line with what I was planning on. And seems like more personal service.
So I have an appointment on Monday. Yay! I’ll let you know how it goes.
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5 Responses for "On our way to getting a will"
Good luck and let us know how it goes!
Congrats on following through. I think ours cost about $2,000 with a trust.
Congrats!
Seems strange that the secretary at the first place was giving out the prices of wills (that screams “trust-mill” to me). Good thing you moved along…
[...] is getting her will together. Good for [...]
HOLY COW… seriously? $1,500 is ABSURD.
How complicated is your estate? If you live a simple life (not running around with millions of dollars and several estates), then what is wrong with the online will thing?
It’s a piece of paper saying I want X, Y, and Z done. Add in some of the healthcare documents (power of attorney, etc.) and you should be fine.
I got all of the above online for $50. Have I completed them? No. But it is a relatively simple document.
Additionally, do you not know anyone in the legal field that could review the online documents for you?
Seriously. Stop and think. $1,500 versus $50. I’d try the $50 first.
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