Post a comment
Comments:
Or - just look up your state's rules to see if you even want a will, or are ok with the default rules. State laws that determine where assets go without a will were written that way precisely because that's where most people would want them to go. My state's default rules ("All to spouse if married") work fine for me.
@rhombopteryx: The problem is that you may well outlive your spouse. This summer I say in on a case where a woman died without a will owning about $20k. Because many of her family members had passed away and because of the state default rules, the attorneys ended up making a massive family tree and some people ended up getting 1/168th. Had she had even a simple will, this would not have happened.
@maribars:
True enough. That's why you should check out the rules and see if you are ok with them. It may well be like in the case you describe where you outlive a lot of people and the default rules say quite a few "2nd cousins" get small amounts. If you are ok with that, it may be worth it to avoid the hassle and potential acrimony of a will - or it may not. It also is worth noting that just because you specify someone in a will doesn't mean you won't outlive them - so after you die with a will the court may have the exact same problem of finding 2nd cousins - of whomever you specified in your will. Going will-less is not a perfect solution, but it is a cheap one many people would probably be ok with.


Or, you could talk to a real lawyer and set up your assets exactly how you want for about twice that.
While you're at it, set up a durable power of attorney which is probably a lot more important than a will. This lets you select someone to legally take care of your health and financial decisions while you're alive but incapacitated.
But go ahead and get a form online. Just remember, you get what you pay for.