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Writing our will

Old 04-24-2007, 08:42 AM
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Default Writing our will

My wife and I know we are late getting going on our will. Can anyone recommend a outline format or general form (fill in the blanks) just to get something down on paper? Thanks
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Old 04-24-2007, 08:48 AM
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Default Re: Writing our will

In what state do you live?
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Old 04-24-2007, 08:50 AM
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MAine
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Old 04-24-2007, 09:36 AM
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Default Re: Writing our will

Think about a Trust instead of a will (IMO)
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Old 04-24-2007, 09:50 AM
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Not to worry hansoni, just leave everything to me.

Seriously, just leave everything to me.
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Old 04-24-2007, 09:55 AM
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Default Re: Writing our will

You know the old saying...


Where there's a will....



I want to be in it.
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Old 04-24-2007, 10:18 AM
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Default Re: Writing our will

Consider having an attorney help you since you really don't want just a "will". You should be looking at a minimum of:

Will
Trusts
Living Will
Power of Attorney
Executor
If you have young children you should also consider clear documentation on who you want to care for them in case something happns to both of you. That can get to be a mess in a hurry.
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Old 04-24-2007, 10:32 AM
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Default Re: Writing our will

I highly recommend a sofware program called Willmaker Plus 2007 by Quicken. It's inexpensive and very easy to use. Available from Amazon for about $33
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Old 04-24-2007, 10:35 AM
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I highly recommend a sofware program called Willmaker Plus 2007 by Quicken. It's inexpensive and very easy to use. Available from Amazon for about $33
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Old 04-24-2007, 10:43 AM
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Default Re: Writing our will

VAman - 4/24/2007 10:35 AM

I highly recommend a sofware program called Willmaker Plus 2007 by Quicken. It's inexpensive and very easy to use. Available from Amazon for about $33
Will look into that, thanks for other suggestions guys...

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Old 04-24-2007, 12:21 PM
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Default RE: Writing our will

Strongly Recommend That You Go To An Attorney.
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Old 04-24-2007, 12:26 PM
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Default Re: Writing our will

I was advised several years ago by my financial advisor to go to an attorney, he said that he had never saw a "online" will that met all the requirements.
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Old 04-24-2007, 06:30 PM
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Default Re: Writing our will

"Do-It-Yourself" legal kits are great aids to help you with the process but you should take your completed document to your local attorney and ask them to review it and re-process it as neccessary. My home state requires certification that the person who wrote up the will for you is legally qualified to do so, in other words - a lawyer.

And... It's never too late to make a will if you are still alive and able.

Good luck!
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Old 04-24-2007, 06:49 PM
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Old 04-24-2007, 07:03 PM
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Default Re: Writing our will

My opinion is to use an attorney who specializes in estate planning. Without knowing your situation, it is impossible to make recomendations. It may take them more time to review a document you prepare than using their own. Menzies made a list of documents above that may apply. What you need depends on whether you have kids and how old they are, whether this is your first marriage and if not, are there kids from prior marriages, what your assets total, whether you or your spouse have or will inherit family money, how concerned you are about potential liabilities (lawsuits, etc.), and on and on. If you have decided to get started, you should do it correctly.
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Old 04-24-2007, 07:30 PM
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My great Aunt passed away over Christmas...her will was supposedly iron clad and they are just settling now. When planning a will, trust, ect, its not the time to get cheap. Go to an attorney.
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Old 04-24-2007, 07:40 PM
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I'm planning my will. I think it will go something like this:

With regards to my boat:





















































































Awww what the he!!, yaw fight over it!
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Old 04-25-2007, 12:35 AM
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Call a lawyer! It's too important not to.
If she's running " widow maker " software......
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Old 04-26-2007, 01:09 PM
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Default Re: Writing our will

There are just so many variables involved regarding one's assets and how they need to be handled in case of death. My parents used to have just a will until an estate planning lawyer showed them how many, many, many thousands of dollars were going to end up in the goverment's hands if they didn't change how things were written. Now, all their major assets are set up in revokable living trusts. Everything that is in a living trust avoids going to probate when they die.
What's probate you may ask? Believe me, your heirs will greatly appreciate not having to deal with probate.

GET A LAWYER and make sure they specilize in estate planning. It ain't cheap, but depending on your financial status, could save huge amounts of money when the time comes to distribute assets.
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