Have you made a will?

[Praying Colonel]

Do you have a citation for this assertion?

Yes, I do.

Do you have a citation for the contrary?

Just go see a lawyer. Penny wise, pound foolish.

 

[GoldieSaysMeep]

No. I'm a single adult who does not have (and never will have) a spouse or children. I don't own any property and my material possessions are nothing anyone would get that worked up over. I don't know if I will ever own a house. The idea of owning a house by myself isn't really that appealing to me. I guess I like the freedom renting gives to just move whenever I feel like it and also I like not having to deal with repairs etc. So there is really no need for me to have either a will or life insurance.

 

[bicker]

Yes, I do.

Please post it. It will be very useful information for readers, since it will impress upon those living in those 26+ states that they need to do more than just have the will notorized.

Thanks in advance for your assistance with this.

Do you have a citation for the contrary?

I didn't claim the contrary.

 

[MerMom60_94]

No. I'm a single adult who does not have (and never will have) a spouse or children. I don't own any property and my material possessions are nothing anyone would get that worked up over. I don't know if I will ever own a house. The idea of owning a house by myself isn't really that appealing to me. I guess I like the freedom renting gives to just move whenever I feel like it and also I like not having to deal with repairs etc. So there is really no need for me to have either a will or life insurance.

Hi Goldie - food for thought for you (and others in your position). You should have enough life insurance to cover funeral costs. My FIL died a few months back and did not keep his life insurance up to date. My DH and I had to come up with close to $10,000 because his mother couldn't cover the funeral costs. Unfortunately, this is not something we had planned on and we had to take money from our DDs college fund. DD is only four years away from college so this was rather a bitter pill to swallow. Bitter pill aside - you should leave enough to cover your debts and funeral costs or somebody else will have to cover them for you. Also, I see your point in not needing a will but you should have a medical proxy so that someone can make decisions for your medical care if you are ever incapacitated. You should really give thought to who can handle your wishes if, God forbid, anything should happen to you.

 

[Praying Colonel]

Rather than risk any points, I'll bow out now. Folks, most attorneys will meet with you the first time for free. Seek legal advice. Good luck.

 

[GoldieSaysMeep]

Hi Goldie - food for thought for you (and others in your position). You should have enough life insurance to cover funeral costs. My FIL died a few months back and did not keep his life insurance up to date. My DH and I had to come up with close to $10,000 because his mother couldn't cover the funeral costs. Unfortunately, this is not something we had planned on and we had to take money from our DDs college fund. DD is only four years away from college so this was rather a bitter pill to swallow. Bitter pill aside - you should leave enough to cover your debts and funeral costs or somebody else will have to cover them for you. Also, I see your point in not needing a will but you should have a medical proxy so that someone can make decisions for your medical care if you are ever incapacitated. You should really give thought to who can handle your wishes if, God forbid, anything should happen to you.

I plan to have myself donated to science, so would I still need a funeral?

Who would pay debts if there was no family? Not that I'm planning on having any debts but lets say I did, and I have no family, what then?

 

[bicker]

I found an interesting webpage about creating a will, provided by the NEA for its members:

http://www.neamb.com/home/1212_1960.htm

 

[MerMom60_94]

I plan to have myself donated to science, so would I still need a funeral?

Who would pay debts if there was no family? Not that I'm planning on having any debts but lets say I did, and I have no family, what then?

I'm not sure of how donating your body to science works, but you may need to have a funeral home as an itermediary. Not sure. If so, there would be costs. I would do a little research to be sure, though.

I'm not a lawyer, so I don't have answers to your questions. I would advise finding out, though, and not making assumptions.

 

[BeachGirlFLA]

See, good point! I don't know husband's wishes are for sure. We've talked about them and I know he doesn't like mine...duly noted.

Also, even if you don't have kids....I assume you have living parents/siblings/friends/family members that you would want to get specific things. And I would assume that you might want some money set aside to help your parents out when they get older....just in case both you and your husband die before they do....not a pleasant thought, but a possibility.

 

[AristocatFan]

Just go see a lawyer. Penny wise, pound foolish.

Well, then I guess we'll remain foolish because doing our own is the way we chose. We have no desire to contact a lawyer for something we can do ourselves. And after having closed out two family estates at the same time, we have experienced it all. My mother had a will and everything went very smoothly, but the worst part was the lawyer walking away with $6,000 for making phone calls. Still makes me cringe. If we could find a way to get by with not having a lawyer oversee the wills after our death, we would!

 

[kc10family]

dual military family here and it is required we have on eon file.
We updated ours two years back. I am going ot try to review it every 5 years so we can keep up with any changes needed.