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I have a large sum of money in stocks and a brand new truck, i have no children and i am not married. How do i go about getting a will set up?

2007-03-25 18:01:24 · 4 answers · asked by Ash 5 in Business & Finance Personal Finance

4 answers

Your state may have a version on the Internet. Google wills and you are bound to get some samples. In most states any clear written statement that is witnessed by two people is a valid will. Unless you are concerned about relatives or tax implications, you usually don't need an attorney to prepare a will.

2007-03-25 18:16:55 · answer #1 · answered by Scotty 4 · 0 0

a lawyer. although i'd recommend a 'revocable living trust' instead. it has much much more flexibility!!! u can change or add stuff easily.

whereas a will is a permanent document. u will have to make a brand new one if u change your mind on something.

the trust functions the same as the will.

but the most important advantage is that if u die, a will is executed by probate court. they then determine a bunch of extra stuff and how to fufill the will. they use their perspective on some areas and if u have assests listed.... THEY GET TAXES THE *&)*((*! OUT OF. really!! ask me how i know this!!! lol. yea happened to me. and it TAKES FOREVER!!!! whoever gets your stuff is gonna wait years. the court system is so backed up! and like i said the taxes.

with the trust... it litterally "transfers" to who u want. its not a 'executable' document.

there are some taxes/fees, but not the cost of probate court!! theirs is about 30%!!!!

trust me...look into the trust.

2007-03-26 02:20:19 · answer #2 · answered by firemedic311 3 · 0 0

Contact a lawyer who deals in probate law and get it done professionally. It is possible to write your own will but you are likely to leave a heap of problems for your beneficiaries to sort out rather than dispose of your assets as you want. It's not expensive to get it done properly and it's really worth it.

2007-03-26 03:33:45 · answer #3 · answered by gerrifriend 6 · 0 0

you can buy software to help you pretty cheaply. I used living trust, and I had it reviewed by an attorney. They said it was good.

2007-03-26 01:04:54 · answer #4 · answered by SZ 3 · 0 0

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