Quote:
Originally Posted by DoubleF
I'd personally just spend the $800 for a will and POA/personal directive.
Don't focus on what she has, but who will get it and who will deal with her estate. If you are the only beneficiary/trustee and her assets are low, I guess the risk is kinda low. But if there's other beneficiaries and the assets are higher, saving the $800 risks leaving behind issues that could "cost" many times more than $800 to address later on not just in maybe getting a lawyer involved, but also your time and effort to resolve things.
Even if the assets are low, saving $800 now might create an issue worth more than $800 later to legally transfer/enact on her behalf to change name on title/sell or get control of the bank account, vehicle or even proving that you're authorized on stuff like canceling monthly services like utilities, cell plans, internet, credit cards etc.
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Yes. In the long run, the cheapest will is almost always the one prepared for you by an experienced Estate lawyer.
I'm currently dealing with a home-made will with two home-made codicils and it's going to cost the estate thousands more than what it would've cost for the deceased to pay a lawyer to have done it properly.
Also working on a holographic will (i.e. handwritten) with partial intestacy and estranged children with no fixed address. Another estate with a bunch of extra costs due to 'saving money'.
It's good for me though...