THSCC Forums

A friend of mine at work had his wife pass away earlier this year. We've gone to lunch several times and he's finally opened up about some of the issues he had during her time of passing. One thing that struck home was the fact she did not have a will and did not have life insurance. I won't go into the life insurance issues, and I think I'm covered there, but the will thing has me thinking.

First, you just never know when the big guy (or gal) is going to call your number to come home. My friend says it's been a bear dealing w/ the state and the required forms he's had to fill out. On top of that, the state can take up to 6 months to make any ruling on the estate. If you need monies from the estate, you're screwed until they decide to take action. He stated a will would have made things much smoother.

That said, I have an old will, but now that both kids are over 21, it's a pointless will for what it covers. I need to make a new will and living will for both myself and the wife. Anyone have any recommendations for either websites or software or even lawyers to get a will made that's valid in NC? I'd appreciate some feedback on this please.

_________________
Rodney

'08 Bullitt mustang, CAM 7
Autox VP '09-'10, President '11-'12, interim President 2nd half of ‘14
proud recipient of the Bowie Grey service award '12
Now just a guy driving a mustang....

I have heard LegalZoom.com is pretty good on stuff like this.

_________________
02 Focus SVT
STF 9

Ryan's advice is good. My mom is a attorney in NY and my fiance is an attorney here in NC, and they both say that Legalzoom is good for the straightforward stuff like wills. - AB

_________________
'14 Toyota Sequoia Platinum 4WD
Super Westerfield Bros - '93 Integra - LeChump Du Jour
STX 93 - Scion FR-S

Sally and I are currently will-less but have an appointment with an attorney this month (after years of putting it off). Hopefully nothing bad happens between now and then.

I've seen some interesting ideas about dealing with inheritances and such. One idea for a trust is to set pay-out ages. You have the control, so rather than give your 21 year old child a lump sum of $1,000,000 (or whatever it may be), you can pay them a little at 21, a little at 35 and a lot at 45. Since you delayed the payout, now they hit 45, already know how to fend for themselves and are likely mature enough to not screw up with the money.

You just made their life really comfortable by buying them a new car and paying off their mortgage.

Scott

Dont do it scott, My Parents had to deal with a double payout from my grandfather passing away it was nothing but a pain, I can see waiting to give to them until they are 21 or 25 but don't split up the payments, it has been a real big headache for them.

_________________
David Teague
2015 Lexus IS 250c
1994 Honda Del Sol HS 39
2009 Dodge Journey R/T
http://teaguefamily.us

Unless it was structured poorly, how has it a been a pain for them? As long as the executor is not a family member (which is preferred) and the money is put into an interest bearing trust with dates linked to disposition, it should run very smoothly.

The problems most run into with that is wanting to cash out early, which this is setup to avoid. - AB

_________________
'14 Toyota Sequoia Platinum 4WD
Super Westerfield Bros - '93 Integra - LeChump Du Jour
STX 93 - Scion FR-S

What Aaron said. I am curious. The general concept sounds very good to me... Of course lots of things look good on paper.