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Last Will and Trust (at Last!)

Written by Nickel - 6 Comments

In late November, I wrote about the fact that we were finally putting together an estate plan. Well, last Friday, just before everything shut down for the Holidays, my wife and I finally put the whole “last will and testamentary trust” thing to rest… And not a moment too soon, as this was one of our New Year’s Resolutions dating back to January 1, 2006. Even though it took 11.75 months to get it done, it still counts. Right?

Published on December 29th, 2006 - 6 Comments
Filed under: Planning

About the author: is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

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6 Responses to “Last Will and Trust (at Last!)”

  1. 1
    Blaine Moore Says:

    Yep, it still counts.

  2. 2
    David Says:

    Congrats! We still have to finish ours up!

  3. 3
    Jessica Says:

    Great job! My husband and I are about to start the same process now that we have a 1 year old son. I was wondering, how much did the lawyer charge you, ballpark? Want to know the going rate for this type of thing.

  4. 4
    nickel Says:

    Jessica: More details here. The wills and trusts cost $450 ($225 each for my wife and I) and the power of attorney stuff was $75 apiece. Total was $600. I was quote less by some attorneys, but nobody that we trusted.

  5. 5
    Shannon Says:

    How do we decide how to set up the trust? Our sons are only 19 months apart … do we choose to split the trust equally upon our death or after the youngest son finishes college? Any advice would be appreciated!

  6. 6
    nickel Says:

    Shannon: Ask and ye shall receive…

    How Our Estate Plan is Structured

    That post explains everything — we have four boys spaced over seven years, so it was an especially tricky issue for us.

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