My mom wants to create a last will and testament. She already has a health directive from another lawyer she setup a while back (same one that wants to charge $75 for consultation & $300 for will). We might do it using software if she can find 2 witnesses & have them to go to notary at same time, much cheaper.
$300 is a pretty good price.
As someone who's had to deal w/ that stuff, $300 is not that high.
this.
Really? That sucks. All she really needs to leave me is her car. Might just do it ourselves then. Gonna wait to see what the other lawyers say they charge.
shop around for sure but I'm never sure why people balk at the cost of legal services (big law firms charging astronomical prices being the exception). even your run of the mill local attorney is going to be charging $50 per hour or more for their time. however many estate lawyers will likely have flat rates for simple things and "form" documents but applying the law in any scenario is almost never simple and you don't want to be paying the price later because you got bad advice on the internet or grabbed a PDF off some website and called it a day. my favorite answer to 99% of legal questions begins with "it depends"
Have her sign the title over to you and pay her $1.00 then you won’t get hit with inheritance taxes for getting it. Paying 1$ for it makes it a legal sale to you and not something passed down.
I think
@bxpretzel works at a law firm.
Maybe she can verify this
someone already said this, but the estate tax won't kick in until $5.6m and i believe the tax cuts act increased the threshold even higher, so this won't be a problem. you can gift anyone up to $14k per year without owing gift tax as well.
long story short it's a bad idea to get legal advice over the internet, and you should go to an attorney even if you think it may be expensive. it's usually worth it to CYA
