FUEGO
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Nov 13, 2007
- Messages
- 7,750
Attorney here. We did our own wills using willmaker I think. Just after the second kid was born. Our estate is very straightforward other than having to deal with the kids. I knew enough from a number of trusts/estates classes and reading up on it to know how to structure our affairs in the event of our premature demise(s). As assets grow, I will probably revisit the wills and consider retaining a trust/estate specialist should the need arise.
Right now virtually all assets are titled in Joint Tenancy with rights of survivorship or for single accounts (401k IRA etc) naming the surviving spouse as the beneficiary with the children being secondary/contingent beneficiaries.
My general advice (see caveat below however) would be if you don't have complicated finances and don't have kids, a willmaker will is better than nothing if you aren't willing to pay for an attorney. However it could be hard to figure out just what would make your situation complicated.
Right now virtually all assets are titled in Joint Tenancy with rights of survivorship or for single accounts (401k IRA etc) naming the surviving spouse as the beneficiary with the children being secondary/contingent beneficiaries.
My general advice (see caveat below however) would be if you don't have complicated finances and don't have kids, a willmaker will is better than nothing if you aren't willing to pay for an attorney. However it could be hard to figure out just what would make your situation complicated.