Last Will and Trust (at Last!)
Tip It!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: Nickel 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!
Related articles...
» Don’t Believe Everything that You Read» Putting Together an Estate Plan
» $100 for a Last Will and Trust?
» Interesting Web Search
» How our Estate Plan is Structured
» Preparing For the Unexpected
» You Don’t Need a Financial Advisor
» Ten Steps to Simplify Your Finances, Part 4
Was this article useful? Please sign up to receive our content via e-mail:
6 Responses to “Last Will and Trust (at Last!)”
Leave a Reply
Top Cards by Category
Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.
Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
Earn 30,000 bonus miles toward Award Travel when you spend $500 on the Card in the first three months from account opening. Receive double miles on Delta purchases.
Earn up to 5% cash back* in categories that change and enjoy a 0% introductory rate for 15 months on Balance Transfers and 15 months on Purchases.
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*
Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.
5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee
Earn 3X points on airfare, 2X points on gas and groceries, and 1X points on everything else.
Reports to 3 major credit bureaus monthly and acceptance at millions of locations worldwide, including website purchases and reservations.
- How to Become a Millionaire
- How to Get Out of Debt
- The Best Dollars I've Ever Spent
- How Our Estate Plan is Structured
- How We Paid Our Mortgage In Less than 10 Years
- Money Making Ideas
- How to Manage Your Asset Allocation with Multiple Accounts
- Consumption Smoothing - Save While the Saving's Good
- How to Save on Groceries
- How Much Life Insurance Do You Need?
- Eleven Great Books About Money
- Dave Ramsey is Bad at Math
- Dish Network Customer Service SUCKS
- $8,000 Homebuyer Tax Credit
- Pay Off Mortgage Early or Invest?
- How to Claim the First-Time Homebuyer Tax Credit
- Reduced Credit Limits? Share Your Experience
- $15,000 Homebuyer Tax Credit
- Ethanol Blended Gas = Lower Mileage?
- Termite Control: Sentricon vs. Termidor
- How Much Should You Pay a Babysitter?
- Federal Income Tax Rates Went Down but Your Federal Tax Withholding Increased. Here's Why...
- Would the "Fair Tax" Gut the Economy?
How to save money on insurance
- Double-Check Your Ally CDs
- Stocks are Not Bonds, CDs, or Savings Accounts
- The Best Values in Colleges - 2012 Edition
- Five Myths About Renter's Insurance
- Own Your Investments, Rent Your Fun
- Citibank to Issue Credit Cards in China
- Heartstrings and Pursestrings
- Saving Money at the Grocery Store: Store Brand Pricing on the Rise
- Missing Tax Paperwork?
- Is Your Investment Allocation Right?
December 29th, 2006 at 2:51 pm
Yep, it still counts.
December 29th, 2006 at 9:59 pm
Congrats! We still have to finish ours up!
January 10th, 2007 at 4:00 pm
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.
January 11th, 2007 at 10:13 pm
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.
February 17th, 2007 at 8:07 pm
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!
February 17th, 2007 at 11:27 pm
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.