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[quote=Anonymous]Yes it is more complicated than that. You need -- and can clearly afford -- to hire a trusts and estates attorney. Don't go cheap here because your heirs will pay the price in time (wills must be probated) and money (proper estate planning saves your heirs money). There is a lot more to it than just a list of who gets what. And while you are at it, your T & E attorney should help you put together a durable power of attorney, health care proxy, and other important legal documents.

You have to set up a trust for your kids' benefit (and surviving spouse if you don't die at the same time). You need to have a trustee (or more than one) for that trust, ho should probably not be the same person as your kids' guardian. This will protect your kids from getting taken advantage of and also allow you to specify hiw much your kids get at what ages.

I have a law degree from Yale and I didn't do my own will and trust! This is not the place to be penny wise and pound foolish. It's also not rocket science so if you have a fairly standard set of needs it might cost a couple thousand but not extortionate amounts. It's money well spent though because good estate planning is all about maximizing benefits in both time and money for your heirs and about protecting their interests until they are of age. 
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