Do I need a will?

Yes, you do. But most seniors, over the age of 62, do not have millions of dollars to leave to their children. Hence, there is no genuine need to spend thousands of dollars having a specialized Will drafted. You can go online and use any of the Will preparation services such as, LegalZoom or you can purchase a Will for about $50 for your state and fill the form out for your self, assuming you can still read, and most of us can still do that. It is not rocket science and much simpler than reading the tiny letters printed on your medical bottles with critical instructions. For example, I just picked up my bottle of pills for my high blood pressure and there is a yellow label that begins with "You should avoid..." and then I can not read the rest of the words. 

Anyway a Will is much simpler than your prescription instructions, the disclaimers of which often run into several pages of legalese, and there are dozens of sites that you can Google to download a Will. Remember that a Will can be written on a napkin and still work. On the other hand, if you expect there might  be significant sibling arguments about why you left what to whom, then perhaps an investment in a lawyer will help. How much should it cost? Expect to pay few hundred to a few thousand dollars for thoughtful assistance. 

There are other techniques that you can use to spread your money around easily that I will be reviewing in other blogs, so tune in. Put your email address in the subscription window, it is free, to stay in touch.

Do you have a senior tip? Send it to me and I will pass it along.