April 2013 Moms

Do you have a will?

DH and I went to talk with our financial adviser this week and he said that since we now have a child making a will really isn't an option anymore (we have DS as the beneficiary of our 401ks, life insurance, etc.).  

 I know it's something we have to get done, especially because here in Texas if we don't have designated who his guardian should be the state decides which means he could theoretically end up in foster care until they decide if both DH and I died. That thought alone is enough to put my butt in gear!  

Do you have a will?  Just curious if anyone else has one done or not.

Re: Do you have a will?

  • We keep saying we have to do it but haven't yet. Thanks for the friendly reminder though!
  • image cece2682:
    We keep saying we have to do it but haven't yet. Thanks for the friendly reminder though!

    Same!
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  • image cece2682:
    We keep saying we have to do it but haven't yet. Thanks for the friendly reminder though!


    Us too
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  • I a tuLly just finished mine & emailed my lawyer last week to look over it. I'd be actively working on it since I was 6 months pregnant.im just so daunting & grime but I knew I needed to get it done.

    i hate the effen auto correct , 

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  • ktr722ktr722
    Fourth Anniversary 100 Comments 5 Love Its Name Dropper
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    My SILs friend is a lawyer so we had her do it for us. It's definitely something you should get done sooner or later bc you never know what can happen. No one ever wants to think that way, but it's in the best interest of your LO. God forbid something happen to DH and I, we know that our LO will be taken care of by the people we trust most in this world.
  • How expensive is it to make a will? How do you even go about making one??
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  • We've written ours, but they aren't signed/notarized. So legally speaking, no, not yet.
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  • DunkinDunkin
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    Yes. We had one drawn up by our lawyer when DS was born. We updated it after our first DD. We have to tweak some things again with number 3 since she was a su prise.
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  • We still haven't made ours yet. We planned to before J was born but we never got around to it. It is number one on out priority list.
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  • we don't have one yet, either.  

    isn't it crazy how the birth of our babies make us prepare for our deaths?  oy. lol 

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  • Kate_CKate_C
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    I drafted a very basic one, mostly to appoint a guardian for our DS. I used a simple form copied from a coworker. We need to update it now for DD along with the beneficiaries of our various accounts, piddly though they are. Thanks for that reminder! Unless you have a lot of assets or a complicated estate, I would think a basic will should cost under 500 for an attorney to draft.
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  • We've been dragging our feet and really need to get it done. We went back and forth over who LOs guardians would be but have finally decided.

  • Yep. We sat down with our attorney after Ava was born and made a detailed will and set up a trust. We have to adjust a few small things now that Mila is here but the framework is there.
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  • No and we need one. We need to have a formal conversation with the people who will be taking care of the kids first.
  • Trin42Trin42
    Seventh Anniversary 2500 Comments 500 Love Its 5 Answers
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    image katief27:
    How expensive is it to make a will? How do you even go about making one??

    It depends on if you do it yourself or go to a lawyer.  A will is cheaper than an estate plan. An Estate plan can be from 1 thousand to many thousands depending on how detailed (a will, POA, HPOA, Trust). Just a will should be about 100 or 2.

    I bought software to do an estate plan since our situation is simple. I got a groupon for it for maybe $20.

    OP, we haven't decided on who would get DS yet so we haven't finished it but it's all done except that part.  We have the POA and HPOA already done and we don't have much money so we didn't do a trust.

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  • If you live in California you can google California Statutory Will and get a very simple form to fill in. We did that just to have something in place while we found an attorney to draft a more detailed will and trust for us. I just wanted to make sure my parents would get custody of our kids if we were both to die unexpectedly. We don't have enough money for that to be much of an issue.
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