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I just realized with the death of my mom that I don't have a will but I have my beneficiaries designated at my various financial institutions. I don't have anything about medical or where I want to be buried or any of that stuff.

I looked online and there was one I heard about on the dave ramsey (scumbag predator) show but it was like 160 bucks and I'm not sure what that even means. Is that good or bad should it be more or less. Or do I need to use these companies? Can I just write it on a piece of paper? How does that work?

I just realized with the death of my mom that I don't have a will but I have my beneficiaries designated at my various financial institutions. I don't have anything about medical or where I want to be buried or any of that stuff. I looked online and there was one I heard about on the dave ramsey (scumbag predator) show but it was like 160 bucks and I'm not sure what that even means. Is that good or bad should it be more or less. Or do I need to use these companies? Can I just write it on a piece of paper? How does that work?

(post is archived)

[–] 2 pts

I went through this process with my folks. They setup a trust and have certain accounts and properties tied to it. It's basically setup so that, if they are on medicare and face mounting medical bills, the government can't go after their house or belongings. It's for asset protection. A will was also setup but the trust is actually more important IMHO