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Last Will and Testament

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WayneDougan_rivals170043

Heisman
Jan 28, 2007
20,397
30,168
0
My wife told me to create a last will and testament and wants to break the bank to get it done. My kids are young, we don't have complicated assets (i.e., no real estate to sell), and we have decided who would take care of the children if anything were to happen.

Anybody have any guidance on the cheapest way to line this up? And when I say cheap, I mean I don't even want to pay LegalZoon $300.
 
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Tskware

Heisman
Jan 26, 2003
25,292
22,074
113
holographic will enforceable in Ky, all in your handwriting, signed and dated
 
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Kaizer Sosay

Heisman
Nov 29, 2007
25,706
30,736
0
WayneDougan said:
My wife told me to create a last will and testament and wants to break the bank to get it done.

Anybody have any guidance
Click to expand...

Yeah, I have some guidance for you…watch your back and sleep with one eye open! Sounds like the wife is wanting to get rid of you. Did you by any chance recently up the ante on your life insurance?
 
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funKYcat75

funKYcat75

Heisman
Apr 10, 2008
32,417
41,024
112
WayneDougan said:
My wife told me to create a last will and testament and wants to break the bank to get it done. My kids are young, we don't have complicated assets (i.e., no real estate to sell), and we have decided who would take care of the children if anything were to happen.

Anybody have any guidance on the cheapest way to line this up? And when I say cheap, I mean I don't even want to pay LegalZoon $300.
Click to expand...
Find a lawyer friend and trade booze for Will.
 
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thabigbluenation

Heisman
Jul 19, 2012
5,310
17,357
0
why the hell are trying to leave anything behind? your money, your stuff, spend it, run through it. leave nothing for no one. makes it easier to divide your sh** up in the end.
 
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D

dgtatu01

All-Conference
Sep 21, 2005
8,673
2,622
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Tskware said:
holographic will enforceable in Ky, all in your handwriting, signed and dated
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My wife's grandmother wrote a will and had 2 people sign it. She pulled it out of her dresser and set it on her kitchen table the day she had a heart attack and died.
 
Deeeefense

Deeeefense

Heisman
Staff member
Aug 22, 2001
44,254
51,704
113
Question for the lawyers, but I will say that I was one of many very very small heirs to a lady that had a $8 Million estate, and all she had was a hand written will. It held up in probate - and it was in the state of Kentucky.
 
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GhostVol

Heisman
Oct 25, 2007
37,469
24,582
0
Holographic will. Absolutely foolproof if you can get a friend to videotape it while you're writing it.
 
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Chuckinden

All-American
Jun 12, 2006
18,979
5,875
113
Tskware said:
holographic will enforceable in Ky, all in your handwriting, signed and dated
Click to expand...
This is true and I currently have one. However, my estate is getting more complicated and need to get a will written up through an attorney, just to feel better about it.
 
T

Tskware

Heisman
Jan 26, 2003
25,292
22,074
113
Chuckinden said:
This is true and I currently have one. However, my estate is getting more complicated and need to get a will written up through an attorney, just to feel better about it.
Click to expand...

Yep, I don't work in that area, but estate/tax planning is a huge area of law practice these days, lots of ways to save money and take care of your heirs.
 
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Chuckinden

All-American
Jun 12, 2006
18,979
5,875
113
 
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GonzoCat90

Heisman
Mar 30, 2009
32,377
34,559
0
Divide your assets up among a dozen or so posters here.

Mail them a letter explaining what you want done with the things you give them upon your death.

Have the posters carry it out and post about it here. Include your log-in information in each letter so we can watch this unfold.
 
3

3 fan_rivals214492

Senior
May 31, 2003
16,237
723
0
a) Holographic Will does work in Kentucky. Must be written (not printed), signed and dated by you and witnessed by 2 people who will receive nothing from the Will.
b) Under Ky law you MAY not even need a Will. Your spouse gets 1/2 if you die, kids get other half. Depends on what you have
c) Do get a Will for the concern that you and your spouse may pass away together (car wreck). Who gets your kids? Who do you WANT to take care of your kids? If they are under the age of 18 your assets need to be placed in a Trust for them. Who would you want to administer said Trust? What kind of Trust? Spendthrift? Go talk to a lawyer, they should not charge you for first meeting.
 
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S

starchief

Heisman
Feb 18, 2005
10,137
43,981
0
BernieSadori said:
This is what my Dad did. Love him for it.
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Get as many credit cards as possible and max them out by buying everyone nice gifts. Make certain that no one else is responsible for your debts after you die and rid yourself of all assets. Timing is critical. Do this just before dying so debt collectors cannot hassle you..

*I read about some guy that actually did this.
 
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