Do i need a lawyer to make my will. I do have assetts.

Asked almost 2 years ago - Clayton, NC

i own 2 houses, timeshare, money in the bank and investments. I have 2 children. I want to leave everything to my son and grandson. Im 60 years old and divorced.

Attorney answers (5)

  1. Cheryl K. David

    Pro

    Contributor Level 15

    6

    Lawyers agree

    Answered . If you want to make sure everything goes to your son and grandson you need either a will or a trust. Otherwise, under NC law without these documents it is likely that all of your assets will be divided between both of your children.

  2. James Jenkins Mills

    Pro

    Contributor Level 11

    5

    Lawyers agree

    Answered . If you have significant assets, it is worth spending a little money to hire an attorney to draft your will, and other estate planning documents that may be necessary. This will ensure that your assets are handled according to your wishes after your death. If you try to do it yourself, you run a significant risk of it being done erroneously, or having another family member challenge the validity of the will. In sum - spend the money and hire an attorney.

  3. Bonnor E. Hudson III

    Contributor Level 12

    3

    Lawyers agree

    Answered . A will allows you to determine how your assets are divided after you die. If you do not have a will, then your assets will be divided pursuant to NC Intestate Succession Act. In other words, if you do not have a will, you are allowing the Legislature to determine how your estate is to be divided. For example, if you are still not married at the time that you pass, then your two children will divide everything equally, and your grandson will get nothing. If you remarry in the future, then the distribution of your assets will change again, with your spouse receiving 1/3 of the real estate and the first $30,000 of personal property plus 1/3 of the remaining personal property. There are other advantages to a will as well, such as the fact that you can specify that your executor does not have to give a bond to the Clerk to serve. If you do not have a will, then your administrator will have to buy a surety bond before he/she can be appointed as your administrator. You can change your will at any time, so you can change it to address changes in your personal situation. Bottom line, you need a will to achieve the division of your estate to your son and grandson. You do not have to hire an attorney to draft a will, but there are pitfalls that can invalidate your will. However, if you do not follow the law in drafting and executing the will, then the will will not be enforceable. Most attorneys do not charge very much for a simple will, so that is money well spent.

    The attorney responding is licensed only in the state of North Carolina. This response does NOT constitute legal... more
  4. Rachel Lea Hunter

    Contributor Level 14

    2

    Lawyers agree

    Answered . Do you need a lawyer? No. But you risk making a huge mistake if you try to save yourself a few bucks and do it yourself using a kit. You may end up leaving a big lawsuit instead.

    Wills are not all that expensive. Go and seek out an estate planning lawyer. It is imperative that you make a will if you want to leave your property to one son and a grandson and disinherit the other child.

    I prepare wills and other estate planning documents for a reasonable fee. Please contact me at rachelforjustice@hotmail.com. In most situations, it is not necessary for you to travel to my office as things can be accomplished over the phone, fax, email or regular mail.

  5. Eric Jerome Gold

    Pro

    Contributor Level 19

    1

    Lawyer agrees

    Answered . You should certainly retain a local estate planning attorney to draft your estate plan. First off, if you have it drafted by a lawyer, it should be completed in such a way that your final wishes are properly memorialized. Another great reason, is that you can have the attorney provide you advice should you become incapacitated. The doing it yourself or using a kit simply does not provide the requisite level of expertise and experience.

    When responding to questions posted on Avvo, I provide a general purpose response based on California law as I am... more

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