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Originally Posted by Fuzz
Troutman did mine and my wife's for us recently. I highly recommend him if you are looking to have it professionally done, and in the end it didn't take us all that much time, he had most of the bases covered before we showed up, and it was nice to have all these little questions cleared up that you are asking. I'm a big DIY guy, but in this case I think it's worth it, doesn't cost all that much or take much time.
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If you don't mind my asking... how much time did it take? Also, how much did it cost? (Feel free to PM or not mention it if you'd like)
Of my parent friends who recently got wills done, the numbers that they have paid within the last 6 months: $1.8K, $800, $900 and $1.1K. I have no idea whether it was just a basic will or if additional services were involved. I have heard a few lawyers mention rates between $300-500 bucks for a will to be done, but again, not sure if that's their regular rates or discounted rates.
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Originally Posted by Weitz
Do I need a will as a DINK?
We were going to wait till we had our first kid before doing a proper will.
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I think as a DINK, a will was to help reduce the risk that someone comes out of the woodwork (not even related to you) to try and get your assets (ie: a "friend" who "helped" a lot, then suddenly thinks they deserve compensation or something). Assuming there's someone who could in theory inherit your money like a surviving parent or relative. That's I seem to recall hearing before I had a kid.
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Originally Posted by VladtheImpaler
I don't do wills, but just remember this simple thing - if you do your own will and F it up, your beneficiaries/children have no recourse. If you get a lawyer to do it and the lawyer F's it up, the lawyer carries insurance which will make the beneficiaries whole (at least in dollar terms). I certainly could have done our own will, but we paid someone else to do it.
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Yes, that's true. But having something you draft yourself is better than nothing at all, right? Like I said, I am still going to go to a lawyer, but my wife and I are going on a trip without the young one in a few weeks. It's better to toss together a "memo" before we head out and get the proper will drafted in the summer, right?