Quote:
Originally Posted by JohnN
My situation is similar. We own our home, local checking savings, and Fidelity accounts (Roth IRA, etc).
I bought Quicken Willmaker, approx $200. Easy enough.
Our kids inherit everything 50-50 when the 2nd of us passes on.
We had it witnessed and notarized at the local bank and gave a
copy to all parties named in the will. We also filed a Ladybird deed at the Sumter County courthouse in Bushnell.Did the medical directive too, included in the package.
Some people may get quesy with doing that, but I was pretty comfortable and confident, so I'm pleased with the result.
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Florida requires probate and has a fixed fees and percentages for the cost. For example, if $1-3M, it’s 3%. If you are giving everything to just 1-2 heirs, you can put a TOD/Beneficiary on all accounts and change the home deed to a remainderman where you can have equal shares say 50/50… that bypasses probate. I have 99% or our estate on an beneficiary and remainderman. All that’s left are cars and physical assets which will still need probate but the cost will be less than $500.