Did you and your spouse get a will?

posted 3 years ago in Legal
Post # 3
Member
6073 posts
Bee Keeper
  • Wedding: August 2012

@thenewmrsmax:  We have not yet, but we plan to do wills and living wills this year.  I was stuck on who to give our dog to if we both should die.  Now I have an answer.

My work offers us a code to use this particular service  http://estateguidance.lzpartners.com/.  I went through the will already and it was pretty easy.  It is good for all states.  Free to fill out but $20 to print it out.  Then you put it in a safe place and alert your family.

Living wills are specific for when you’re alive, but incapacitated.  It also includes life support decisions (which wills do not).  A will is only good for when you have passed. 

If you both have your name on a house title, a living will will say what to do (otherwise it’s expensive and lenghty to remove an incapacitated person off of a house title).  Plus you probably have other assests than just retirement accounts and a house.

Here is a good Suze Orman link on wills and living wills:

http://apps.suzeorman.com/igsbase/igstemplate.cfm?SRC=MD012&SRCN=aoedetails&GnavID=20&SnavID=104&TnavID=&AreasofExpertiseID=170

 

If you have iTunes, there is a free Suze Orman podcast for 9/28/2013 that is about trusts, wills, living wills.

 

 

 

Post # 4
Member
1193 posts
Bumble bee

My FI and I plan to get a trust after we are married. It makes more sense for us than a will. 

But we also have advance directives/living will in place – I work in healthcare and there is nothing more heartbreaking than end-of-life decisionmaking. I would much rather have a piece of paper state my wishes than have my dear spouse have to make those gut-wrenching decisions.

Post # 5
Member
6073 posts
Bee Keeper
  • Wedding: August 2012

Actually I think all wills have to go through a court procedure call probate where a judge authenticates the will.  That part I have not gotten into yet!

Post # 6
Member
2449 posts
Buzzing bee
  • Wedding: September 2013

We just met with a lawyer about this and gave him all our info in the space of an hour or so. The process is very easy. He draws up a standard document and then we sign it. That’s it. 

Post # 7
Member
371 posts
Helper bee
  • Wedding: November 2000

@sienna76:  

I think it really depends on jurisdiction. When my grandmother died about 6 years ago, her holographic will (handwritten) was deemed a-okay and honoured. 

Post # 8
Member
693 posts
Busy bee
  • Wedding: October 2011

@thenewmrsmax:  We just completed a family trust.  As part of the process, we did our wills, our health care directives, and power of attorney documents.  We got recommendations from people and interviewed 3 attorneys before deciding on who we wanted to work with.  

Definitely worth it.

Post # 9
Member
6073 posts
Bee Keeper
  • Wedding: August 2012

@Bette_Noire:  Interesting!  I will have to look into my state/county.

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