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Using Lee To Prepare Your Will
You already
know by now that it's rare for you to need to use me to prepare your will.
The page about doing your will makes it clear
that most people don't need my help and can do it themselves. However,
there are some people who decide that it makes sense for me to prepare
their will.
If you would like my help with your will, and if you have no
expectation that your estate (including life insurance) would exceed
$1,000,000, here's what to expect in terms of cost. I charge $200 per hour
to work on your will. It generally takes about 6/10 hour for us to discuss
what you're trying to accomplish and (if you're well-organized) gather the
information I need from you. Then it typically takes me an additional 6/10
hour to draft the will and send you a copy by e-mail. You are likely to
spot one or two things that need to change, and that typically takes an
additional .3 hour. Finally, it typically takes 5/10 of an hour or so for
you to sign the will and for me to deliver you the original and copies of
it. It may take more or less time for you than this, but this is a good
guess at a "typical" will. So the total cost would be for about two hours
of my time, or about $400.
Here's the information I will need to get from you to get started:
 | Your full name, and the full names and ages of your spouse (if any) and
all your children. |
| Your address and e-mail. |
| Any specific bequests you want to make (as in "I want to give the sterling
silver I got from Aunt Lou to my daughter Caroline") |
| The two or three persons, in order, that you trust to look after you minor
children after your death (guardian). If the other parent isn't at the top of
the list, we'll need to talk about options and strategy, and it will cost more
money. Please do not name two people to do it together; it's not fair
to either one of them. |
| The two or three persons, in order, that you trust to look after your
financial affairs after your death (executor). Ditto about naming two people
to do it together. Don't. It's okay to name one person to be your guardian and
another to be your executor. Be aware, however, that when you do you're
running a small risk that the person you name as guardian but not executor may
not understand why you trust them with your children but not with your money. |
| To whom you want to distribute your wealth (as in, "The rest of what I own
when I die I want to go to my children equally"). |
| The full name, age, and city or county of residence of each person you
name in response to any of the questions above. |
|
