I need a Will

[MoneyGuy]

Originally Posted by You Need a Thneed

If you have children, you can't afford a lawyer.

If you have children, you can't afford not to have a lawyer.

This is a good topic. I'm a financial planner as many here know and I try to steer my clients to lawyers and away from these kits. I know the problems that can occur when mistakes are made. In fact, I have one heck of a horror story. It's a true story that costs an estate millions. I'll reveal it if anyone asks.

[pylon]

Originally Posted by MoneyGuy

If you have children, you can't afford not to have a lawyer.

This is a good topic. I'm a financial planner as many here know and I try to steer my clients to lawyers and away from these kits. I know the problems that can occur when mistakes are made. In fact, I have one heck of a horror story. It's a true story that costs an estate millions. I'll reveal it if anyone asks.

Please reveal it?

[pylon]

Originally Posted by fotze

This family had no will, ended up costing the estate millions.

Wow, I am enlightened.

[GGG]

Originally Posted by Antithesis

troutman helped my wife and I out; I can wholeheartedly say it was money well-spent.

I assume then the will worked after you died?

[WilsonFourTwo]

Originally Posted by MacDaddy77

As long as you know who you want your estate directed to and if you have kids, who the caretaker will be after you die then the wills kit is sufficient.

Also you are looking at around $1000.00 at least for a lawer to draft a will for you

Horsepucky. Mine cost around $300.00 including living will and power of attorney.

aaronk....I think there are some legal minds on this board, but you can always PM me - I'd be happy to put you in touch with my lawyer. He's been handling our family's legal needs (business, homes, estate) for over twenty years.

[FlameFanStuckinEDM]

Does anybody know of a good Lawyer in Edmonton to go see regarding Wills?

[pylon]

Originally Posted by FlameFanStuckinEDM

Does anybody know of a good Lawyer in Edmonton to go see regarding Wills?

Edmonton only has criminal defense, and DUI lawyers. Nobody in Edmonton has an Estate.

[automaton 3]

^^^Send killer_carlson a pm, I'm sure he'd be happy to help you out or point you in the right direction.

[Antithesis]

Originally Posted by GGG

I assume then the will worked after you died?

I'll get back to you on that one

[Huntingwhale]

Leave me everything. l swear on my life l will distribute it as you see fit.

[chummer]

Another satisfied troutman customer.

[MoneyGuy]

Originally Posted by pylon

Please reveal it?

Originally Posted by fotze

This family had no will, ended up costing the estate millions.

Actually, there were wills. To make a long story short, family was very wealthy, with a very successful business, huge luxury home, etc. One child, married daughter. Daughter splits with husband, never updates her will or gets one (not sure, it wasn't my client). Entire family (wealthy mother and father, also daughter) die in a car accident. Estate ends up with the daughter's former husband. He's a deadbeat druggie now. Deadbeat former husband/son-in-law pees it all away - huge house, business, savings, insurance. Luxury house ends up being a drug house.

This story was told to me by a financial advisor friend of mine who worked with these folks as their advisor. Not having a will and not updating it as required can cost a fortune, as it did in this case.

[MoneyGuy]

Originally Posted by FlameFanStuckinEDM

Does anybody know of a good Lawyer in Edmonton to go see regarding Wills?

I can refer you if you want to PM me.

[valo403]

Originally Posted by MoneyGuy

Actually, there were wills. To make a long story short, family was very wealthy, with a very successful business, huge luxury home, etc. One child, married daughter. Daughter splits with husband, never updates her will or gets one (not sure, it wasn't my client). Entire family (wealthy mother and father, also daughter) die in a car accident. Estate ends up with the daughter's former husband. He's a deadbeat druggie now. Deadbeat former husband/son-in-law pees it all away - huge house, business, savings, insurance. Luxury house ends up being a drug house.

This story was told to me by a financial advisor friend of mine who worked with these folks as their advisor. Not having a will and not updating it as required can cost a fortune, as it did in this case.

Not having a will actually would have worked much better in that situation. the only way the ex-husband gets in is through the will, if the estate was distributed by law a non-relative isn't getting a sniff of it. Not to say that you shouldn't get a will, but if you do get it done correctly and make sure you keep it up to date.

[Peanut]

Another vote for Troutman here. Although he judges if you leave anything to animal related charities. Just a PSA.