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<blockquote data-quote="Allen" data-source="post: 235521" data-attributes="member: 389"><p>I've gone through quite a fair amount of this estate planning and wills over the past 8+ years for myself and parents. Then had to redo my own after a divorce a few years ago.</p><p></p><p>Bottom line here is that attorneys charge $200+ an hour for their time. So if you sit and gab with them about the stock market and sports, it may be a great conversation but it's going to cost you. Add to that the complexity of your assets and wishes, and a will, medical directive, limited power of attorney, trusts, and ??? can make your total bill hit $500-1,000 pretty easy (that's only 2.5 - 5 hours of attorney time).</p><p></p><p>I think the key here is for you to do some pre-work on your assets and wishes before you get to the attorney's office. And while it may sound good to leave your favorite rifle to this nephew, and favorite shotgun to this son, and your mean as hell dog to the ex-wife, the more you specify...the more it will cost you. Plus, try to work in percentages of your estate rather than stating this person gets $8 and that person gets 11 bags of taters; because not knowing when you are going to die, you don't really have a great grasp of what you will have for assets when you go. However, you should know the class of assets and ballpark what percentage of your estate they constitute. And lastly, make sure you talk with whoever is supposed to be your legal representative after you are gone. Make sure they are good with sticking with your intentions because if someone contests the will, it will be that person who leads the charge to make sure your wishes area carried out. In other words, don't choose a democrat as a personal representative...they always seem to think they know better how to spend my money than I do. ;:;banghead</p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p>p.s. I've used Brian B. at <a href="https://gbg-lawoffice.com/" target="_blank">https://gbg-lawoffice.com/</a> for a lot of estate stuff. No complaints.</p></blockquote><p></p>
[QUOTE="Allen, post: 235521, member: 389"] I've gone through quite a fair amount of this estate planning and wills over the past 8+ years for myself and parents. Then had to redo my own after a divorce a few years ago. Bottom line here is that attorneys charge $200+ an hour for their time. So if you sit and gab with them about the stock market and sports, it may be a great conversation but it's going to cost you. Add to that the complexity of your assets and wishes, and a will, medical directive, limited power of attorney, trusts, and ??? can make your total bill hit $500-1,000 pretty easy (that's only 2.5 - 5 hours of attorney time). I think the key here is for you to do some pre-work on your assets and wishes before you get to the attorney's office. And while it may sound good to leave your favorite rifle to this nephew, and favorite shotgun to this son, and your mean as hell dog to the ex-wife, the more you specify...the more it will cost you. Plus, try to work in percentages of your estate rather than stating this person gets $8 and that person gets 11 bags of taters; because not knowing when you are going to die, you don't really have a great grasp of what you will have for assets when you go. However, you should know the class of assets and ballpark what percentage of your estate they constitute. And lastly, make sure you talk with whoever is supposed to be your legal representative after you are gone. Make sure they are good with sticking with your intentions because if someone contests the will, it will be that person who leads the charge to make sure your wishes area carried out. In other words, don't choose a democrat as a personal representative...they always seem to think they know better how to spend my money than I do. ;:;banghead [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] p.s. I've used Brian B. at [URL]https://gbg-lawoffice.com/[/URL] for a lot of estate stuff. No complaints. [/QUOTE]
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