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Do You Have a Will? Get One For $15

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If you are over the age of 25, I assume you’ve thought about setting up a will. Since this isn’t something that’s often discussed, many questions arise. “Where do I go to get a will? Do I have to pay a lawyer to set it up? Doesn’t it cost over $300 to set up a will?

I have to admit, my wife and I have not set up a will yet. When we got married, we owned a $3,000 car and had a mountain of student loan debt – we didn’t feel that there was any real reason to set up a will. But, now that we’ve paid off all of our debts and are getting ready to purchase a house, we suddenly feel as though we should put together some documentation in the event that the unthinkable happens.

I Found a Deal on Wills

Sometimes, while at work, I listen to financial radio stations – hoping to find a nugget of financial information that I hadn’t heard before. About a week ago, I was listening to The Dave Ramsey Show, and I caught that nugget I’d been listening for!

Since Dave believes very strongly in setting up a will for your family, he has partnered up with USlegalforms.com and together they offer some great deals on wills.

Last Will = $15

This is the simplest form of will, but for $15, it may be all you need to provide your family with peace of mind. Here is what will be included:

  1. Who will be in charge of your estate as your Personal Representative/Executor;
  2. What powers your Personal Representative/Executor will have;
  3. Who will inherit your property; and
  4. How your property will ultimately be transferred to your beneficiaries.

Last Will, Living Will, and Power of Attorney = $29

This type of will includes all of the details mentioned above (in the last will), plus it offers these additional features:

Living Will – this is a legal document that will allow you to state your wishes in regards to life-prolonging medical treatments.

Power of Attorney – this document allows you to appoint a person or organization to handle your affairs while unavailable or unable to do so.

Pick One and Protect Your Family

If you have been thinking about setting up a will, but didn’t know where to start, you no longer have an excuse. Choose one of these options and set up your will today! I am receiving no monetary benefits from the link provided – I just truly believe that it’s an important document that nearly everyone should have.

Have you set up your will? If yes, what prompted you to do so? If not, what’s holding you back?

Money

AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

22 Comments

  1. Having a will is an absolute must in this day and age even if you have no dependents but especially if you have a family to care for. With the cheap resources on the internet, there is simply no excuse.

    • You’re right cashflowmantra! Setting up a will doesn’t cost $1,000 anymore. With the power of the internet, a simple form can be filled out and ready to go for cheap!

  2. Suze Orman also has a kit for a will and a trust. I set up a will thru a lawyer for $200. I don’t have a trust. He didn’t think it was necessary for me yet. But I keep thinking about it because Suze considers it as necessary as the will.
    What are your thoughts on having a trust?

    • Great job setting up your will! You are one of the few. I have heard good things about a trust – it helps you avoid probate, whereas a will may not. Many advisors suggest a trust only if you have millions of dollars, but if you can find out how to get one for cheap, it wouldn’t be a bad idea!

  3. We’ll get a will setup by the end of the year. Now that we have a kid, it is absolutely essential.

    • Once you have a kid, getting a will is very essential! Get one soon! You never know when something could happen!

  4. After my horrible truck accident and with twins on the way, I might not be too far away from making a will. Thanks for the great info!!!

  5. I may take heat for this because I’m a lawyer, but I can’t imagine leaving one of the most important documents in my life to a $15 form.

    Every state is different in the requirements for a valid will and the proper language to ensure that the right people get the right things.

    If you’ve got kids, do you really want to risk your child’s future on the fact that you went with a $15 solution?

    Sure, it may cost a few hundred bucks to get it done right. But I’d rather have my child go to the right guardians as opposed to foster care if my wife and I die.

    I don’t do this type of law. In fact, I know just about nothing about this area.

    • Of course this $15 will won’t be the absolute best will out there, but for those that have not set up a will because they don’t have the money, this option is great for them! It’s better to have something set up rather than nothing!

  6. I have to say that I agree with Jay and I’m not a lawyer. Getting a will is one of those things you should splurge on.

    I understand this is an option for people who might not have the funds, but I think a better idea might be to save up.

    • I actually agree with you Niki. A will is very important, but there are definitely places to save when it comes to setting one up. There’s never any reason to pay over $1,000 for one.

      • I completely agree with you there too!

  7. I have a will and power of attorney I created with Quicken WillMaker. It works really well for my wife and my simple estate. The important thing is to get it notarized, and for Power of Attorney, record it with the county.

  8. Nice resource. We had a will drawn up years ago by an attorney, and it sure wasn’t cheap.

    • Wills can be EXPENSIVE! I’m pretty tight with money, so it’s been difficult for me to take action on this. I now understand why it’s difficult for so many other people as well.

  9. I went with legalzoom and paid around $300 I think. I was really happy with the process. I sent copies of it to my parents and to the guardian of my children.

    • Good job Super Frugalette! Hopefully you were able to set up your power of attorney as well as a living will for that price. The fact that it’s done should be a big relief though.

  10. How reliable is this uslegalforms.com site?

    • It seems to be quite reliable because it’s recommended by Dave Ramsey as well!

  11. You’re right cashflowmantra! He didn’t think it was necessary for me yet.


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