amber_fluid wrote:RB wrote:amber_fluid wrote:RB wrote:Should be more like $400 for a simple will; for $800 you would want the Enduring Power of Attorney and Advanced Care Directive thrown in otherwise you're being seriously ripped off.
Sometimes it's a bit cheaper for couples to do them at the same time.
Don't use one of the online will kits.
$800 was for me and the wife.
Gotcha.
Silly question but I just assumed you had to do them together.
Do married people do them separately?
Testamentary Trusts (TT) are the go. That's where a good solicitor & accountant come in handy
Mrs Jimmy and I have different old family assets so we have similar but different wills (ie) joint assets pledged to the surviving other, and then kids, but old family assets going straight down to kids via a TT. You can also have flexibility where the assets are held in a TT for the kids but your partner gets life privileges (eg) tenancy or the dividends. The kids cant **** up your partners life.
Plus hard for the next Mrs Jimmy (aged 1/2 + 7 years) to claim against a TT
This is how the rich keep their money.............
The Public Trustee and ATO are not your friends in this area
My only other advice is make it simple and don't try to control from the grave.