Before someone goes and reports me to the suicide hotline, I’m just asking who here has done their last will and testament? Even at 27, I have had 3 close calls (2 on motorcycles) where I think to myself, how the fuck am I alive?
Here’s stuff I’d like to include:
House
Cars
Retirement/401K
Bank Accounts
So Legalzoom has an option for 70$.
My parents was 750$.
Google says it can range from 50$ to 1500 (ballers only)
Can I make one on my own and have a witness sign it w/ a notary public present?
Only 29% of Americans have wills. Unbelievable. Get it done! There are boilerplate forms to make it simple but have a lawyer do it so there are no questions later.
If you don’t have anything big you are looking to put into a trust, it should be pretty basic forms since that stuff you want to transition is pretty standard.
Most people don’t since NY has preset rules that go to spouse->kids->parents. Biggest issue is making sure your accounts and assets are documented somewhere so people know what they need to transition.
My father spent literally tens of thousands on estate planning. After going through all of the BS involved I kind of wish he just left us a shoebox full of gold, it would have been much, much easier. lol
So yeah, get it done because I can’t even imagine what we would have done if he didn’t preplan so much.
Double Edit: So the differences are clear. The biggest being the state is not involved in my trust, drawback is that it looks like there is a monthly fee as long as I’m alive, at least from Legal zoom (starts at 249 for a trust vs 69 for a will) but I could be mistaken, will keep reading.