Writing a will is a tough subject for many new parents to talk about, but often it’s one of the most necessary conversations to have when a baby arrives. I was more emotional than usual for the first few weeks after giving birth, and scenarios of what would happen to my little one if I wasn’t around crossed my mind. This happens to a lot of new parents, and thank goodness it does too – It pushed my husband and I to create a will for that what-if scenario but, it did take a few very uncomfortable conversations to get there.
If you are still needing that push to write a will, here are some important reasons to start this process legally, with a lawyer:
- To decide who your children’s guardian will be
- To decide who will get your property
- To decide on the way your family receives your property; protect your children
- To avoid conflict and burden on your survivors
- To reduce or eliminate taxes
There are many estate lawyers throughout Durham that are available to prepare a legal will. Many lawyers will offer discounts on these type of services to their previous clients, so it’s worth investigating if the lawyer who handled the purchase of your home is able to assist you with writing a will.
Cost: Lawyers in Durham charge between $150-600 for an individual, and $575-950 for a couple. When speaking with a lawyer, it’s worth asking if their fee includes the creation of Power of Attorney documents (if this is something that could be important to you) and/or the creation of a simple trust for your child. As a final note, the cost of this service will depend upon how basic your will is. If you have a lot of assets or considerations, expect to find yourself at the top end of the price ranges provided above.