Avoiding cost of a full-blown Will

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Avoiding cost of a full-blown Will

I’m not married, have two grown daughters and simply want to leave everything I have, to them. They are fine with this.

How can I do this and avoid the legal fees, costs, etc., of doing a full-blown will?

Ken

Asked on January 9, 2018 under Estate Planning, Oregon

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 3 years ago | Contributor

This is not an easy question to answer in this type of forum but I will try and guide you.  Maybe instead of a Will you should consider sitting down with an estate planner.  Thus may help you figure out how to prepare forms necessary for the transfer of the assets automatically at the time of your death rather than having the girls go through the Probate process.  For example, naming them now as beneficiaries on a life insurance police.  Or giving yourself a life estate in a property and them the remainder and refiling the deed. Really leaving everything to them should not require a complex Will depending on your assets.  Why don't you sit down with both an attorney and estate planner on an informational basis and see what they have to say.  Good luck.


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