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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. We spoke with a small law firm. Turns out we don't need a trust and can go the will route. Total price: Last Will and Testament - $650 Power of Attorney (Couple) - $175 Medical Directive (Couple) - $175 Total Cost of Estate Plan - $1000[/quote] Yeah, most people with holdings like yours (one house, basic retirement accounts) don't need a trust. People on DCUM who respond to posts like this are disproportionally richer, with more complex holdings, so you will see more responses of people who should probably have a trust. Most people don't need one.[/quote] The trust is important if you have minor kids. If you don't have minor kids and just want to leave everything to your spouse then your adult kids it is much simpler. [/quote] Good clarification, thanks.[/quote]
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