I've been mulling this over lately and there's a few things I was wondering if someone could confirm... if you and your spouse pass away and your kids survive, they automatically go into the care of the governing body, correct?
They do not automatically go to the next of kin/relatives etc. The next of kin would have the strongest reasons for adopting said children, but it still would be a royal pain the ass that no one wants to go through especially after deaths in the family. That alone is the reason why I wanted to draft a will with my wife as soon as possible.
Second question, for the type of thing that OMG!WTF! posted. Would it be beneficial to bring something that that filled in to a lawyer? I've been hearing ranges lately for the set up of a "relatively basic/ basic will" of anywhere between $900 to $2,000. I know a few lawyers in the past who were willing to do it for significantly less than that, but I don't know if it was their regular fee, or a special rate to me due to close relationships/referrals.
Is setting up a will an all inclusive fee (I doubt it)? Or is it by the hour (what I expected)? If the latter, I presumed pre-doing something like what OMG!WTF! posted is helpful to wrap up the completion of the will quickly. Or am I wrong and does it muddy the waters to bring something like that in when prepping the will?
EDIT: and not trying to say it is not necessary as I am aware there is true merit to having a lawyer set up a will in a way that doesn't cause serious legal problems after our passing... But if you pen a basic will yourself without the aid of a lawyer, is it technically acceptable as a will?
For instance, can I merely toss together a note saying that my wife and I want X, Y, Z in the following order of people to be guardians and A, B, C in the order to be executors of the estate, an estate which will be used for the well being and education of our children in the event of our untimely passing, then have both of us sign it and have a legitimate document so our kids would go to surviving family members etc.? Because I'm thinking I should do that in case that something happens to my wife and I before we get a chance to sit down with a lawyer.
Last edited by DoubleF; 05-03-2019 at 11:39 AM.
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