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I just started this process today (well last week but I was on vacation and just submitted my info at lunch). Going to get a Trust and Will set up. I am mostly doing this at the request of my partner since we are not married. She doesn't want to have to deal with any BS. The hardest part so far is figuring out how to divide the assets. 35 yo with no kids but a bunch of assets. Should be simple? Seems like my lawyer has all the stuff he needs and I will have some stuff to review in 3 weeks. I will report back as it develops.
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Jan 3, 2022 22:30
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| # ¿ May 16, 2024 23:35 |
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I just reviewed all my documents. It is a lot of pages and a lot of legal stuff. After reading through all of this stuff it definitely makes sense to not just "legal zoom" it and hope for the best. I sent back about 25 questions to my lawyer. Once I get those answers back and can update the documents appropriately I will probably be able to answer any questions on the process and what it gets you at the end/how it all works when you die.
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Jan 18, 2022 06:00
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laxbro posted:Finally initiated the estate planning process. $2500 for a revocable trust which doesn't seem too bad. I also set up a "black" book in our password manager and made sure my wife knew it was there. It has gotta suck when the spouse who manages the finances/bills dies and never shared any of the account or login info with their spouse. Mine was $2250 so sounds like the price is right. Also agree with the password manager stuff, plus all the bills and everything else. Really important that you don't make it an impossible struggle for those you lever stuff to.
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Nov 17, 2022 06:48
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Muir posted:Interesting that they're doing a second trust for the retirement assets. I've usually seen those not included in the trust and just done by designating a beneficiary (which I think could be the trust itself). I found this interesting as well. Mine is all in one trust. My retirement accounts all name the trust as the beneficiary.
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Sep 14, 2023 01:14
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$2250 in Denver back in 2021. 2 houses and investment accounts.
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Sep 16, 2023 07:16
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Evil SpongeBob posted:Mine had a big list of stuff with costs. That's pretty typical from what I found from shopping around. I have an attorney friend and went with the person they used. Most places give you a free consultation because I don't think there's a "one package" that fits everyone's situation. This was my experience as well. 15-20 min free convo. I laid out all the details of my situation, he asked a brunch of questions, and then he said here is what I would do and what it costs.
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Sep 17, 2023 03:52
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You could check if you actually need to change your bank accounts. My lawyer who helped me said it really wasn't required unless you have a bunch of money in cash. He felt it wasn't really worth the hassle for ~$5k in a checking account.
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Nov 21, 2023 14:51
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In my case we own two properties and are not married. So it is kind of messy. I went to a lawyer to ask what to do.
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Nov 23, 2023 21:48
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Evil SpongeBob posted:Goons. Goons never change. Lol. Fair as hell.
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Nov 24, 2023 22:28
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| # ¿ May 16, 2024 23:35 |
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raminasi posted:I am currently life-partnered to someone who has a very good chance of requiring very expensive end-of-life care (strong family history of Alzheimer's). We are starting to sniff around the house-buying process - nothing imminent, but we'd like to be able to do it within the next several years, if possible. Neither of us have any particular inclination either way about getting legally married; we'll do it if it makes practical sense. I would start with an estate planner. We ended up with a non married cohabitation agreement. Lays out ownership and what happens if we split or die.
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Feb 2, 2024 18:37
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