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Posted: 1/26/2015 5:48:06 PM EDT
[#1]
Find a different lawyer.
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Posted: 1/26/2015 8:18:43 PM EDT
[#2]
As a lawyer, I love Legal Zoom and all those other internet lawyer services.
I spent quite a bit of time (and billable hours) just fixing what folks would screw up. Funny thing is, if they would have come to see me in the first place, it wouldn't have cost them about half as much. |
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Posted: 1/26/2015 10:26:19 PM EDT
[#3]
Quote HistoryQuoted:
As a lawyer, I love Legal Zoom and all those other internet lawyer services. I spent quite a bit of time (and billable hours) just fixing what folks would screw up. Funny thing is, if they would have come to see me in the first place, it wouldn't have cost them about half as much. I understand what your saying...is $1200 a screw job for setting all that up or is it acceptable in your opinion? Posted Via AR15.Com Mobile |
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Posted: 1/26/2015 10:34:37 PM EDT
[#4]
Trusts can be complicated legal documents, especially when planning for wealth transfer to minors. I know in my practice I have charged much more than $1,200 to draft trusts. If done properly, $1,200 is not a bad deal, so long as it includes all the accompanying documents.
Good luck. |
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Posted: 1/27/2015 12:25:51 AM EDT
[#5]
He said it will be everything included. I'm glad you responded I should know better than to try and save a buck on something so important.
Again...thanks for responding. Posted Via AR15.Com Mobile |
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Posted: 1/27/2015 9:40:39 AM EDT
[#6]
Unless you are talking about $5M+ you are wasting your time.
If we are talking about this kind of money then get an attorney that specializes in estate planning (he should also have some background in tax accounting to understand tax implications, most estate attorneys will). |
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Posted: 1/27/2015 11:07:02 AM EDT
[#7]
How is ensuring he doesn't go to foster if his parents perish in a car wreck a waste of time? I may not be leaving him 5m but it will be 100-200k in stocks and assets such as a 5 acre piece of land and a 500k life insurance policy. Beats the 100k of gambling debt my mom left me. I just want it all legal like so it's not left up to people who may not have his best interests at heart
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Posted: 1/27/2015 5:44:33 PM EDT
[#8]
What you seek is a will that will that includes a testamentary trust provision should both you and your wife die. You should also have your state's version of a guardianship done which will help determine who takes custody of your child or children should both you and your spouse die. It's also pretty common to have a medical directive and power of attorney done at the same time. You should be able to get all of this in the 1k to 1.5k range, assuming you aren't a one percenter. Pay the attorney and have it done right.
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Posted: 1/28/2015 3:22:26 PM EDT
[#9]
Quote HistoryQuoted:
What you seek is a will that will that includes a testamentary trust provision should both you and your wife die. You should also have your state's version of a guardianship done which will help determine who takes custody of your child or children should both you and your spouse die. It's also pretty common to have a medical directive and power of attorney done at the same time. You should be able to get all of this in the 1k to 1.5k range, assuming you aren't a one percenter. Pay the attorney and have it done right. This is correct. There's actually multiple things you're trying to accomplish. I recommend breaking them down into parts. 1. A will to explicitly state how your assets should be divided. 2. A trust to hold your assests until your child reaches legal age. 3. Custody documents so your child doesn't end up in foster care. 4. Medical documents for end-of-life care (do not resucitate orders, etc.) and power of attorney to execute medical decisions on your behalf. |
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