This^^^^^^^^^^^^^^^As with most things involving the law, a couple hundred bucks for a lawyer will be money well spent.
x2. You can do it online fairly cheap, but consider it money well spent to meet with a lawyer to draft a will, limited power of attorney and trust.As with most things involving the law, a couple hundred bucks for a lawyer will be money well spent.
Witnesses recommended to be disinterested and competent. If the witnesses is interested, it does not invalidate... Section 29-1-5-2 give additional info.Nope. There are specific guidelines on the IN.GOV website. Basically, a declaration that you are competent, two (2) witnesses that are not related to you or have an interest in the Will. No notary required. There's a lot more to it, but you need to look at the statutes. If you screw it up, it can be challenged and everything you've done will be a waste.
You have a computer or phone. I am sure you have a bank account, even though may have little in it. You have other things.I don't have anything and have only one child.....should be pretty straight forward for me; right?
incorrect. if will is invalidated the state will split your assets between wife and children. Wife gets 50% kids split 50%. if wife knew this she would probably kill you.I found a site for $49 for state of IN. But they show all pages filled out before paying so I'll just copy them and print for free. It either flys later or it won't. Not rich so ain't going to much matter, State would just give everything to wife anyways....just wanted to leave some stuff for my sons and be less hassle. Doesn't seem IN needs a notary either.
Older people shouldn't be paying for life insurance. It's generally looked at as sucking funds that should be allocated elsewhere.Doesn't a trust help prevent all the tax crap involved, and bank account problems? My MIL checked into at one time, but never followed through.
She also canceled her life insurance, because she said we would be fine.
Our pre-planning is to sell her house and accompanying property to settle her debt, and cover the lawyer and taxes.
I need to know more about this deadmans switch. How does it work?I have a deadman's switch in my Gmail account that emails the appropriate people a document with their specific instructions. Most of the dissolution of property, settlement of accounts, and final wishes falls to one specific person so all the account accesses, passwords, and such go to this person who can basically liquidate assets to pay balances and pocket any leftover. With no children to haggle over inheritance and nothing much worth haggling over makes it pretty easy because no one will probably care I'm gone!
I'd be interested in this too. I have a gmail account that my phone made me establish (Android phone), but I've never used it, so it might think I'm dead already.I need to know more about this deadmans switch. How does it work?
No idea about Gmail, but generally if you don't check in at set intervals it goes out.I need to know more about this deadmans switch. How does it work?