C
clownshoes
Guest
What is the name of your state? Georgia
My 80 year old mother is terminal but still "in her right mind." She has not done a will as I am the only child. My father deeded her house to me before he died several years ago, so there's only a $10,000 CD (which is in both mine and my mother's name) and her checking account (less than $4,000). However, she is getting an inheritance from her brother, and the first distribution of that is in January (total will be less than $50,000). Her doctor does not believe she'll live very much longer.
Question--do we pay $1,000 for a will (cost is high because a lawyer has to come to her in the nursing home) to be drawn up or will it make that much of a difference? Would there really be that much of a tax burden with so little assets?
Thanks.
My 80 year old mother is terminal but still "in her right mind." She has not done a will as I am the only child. My father deeded her house to me before he died several years ago, so there's only a $10,000 CD (which is in both mine and my mother's name) and her checking account (less than $4,000). However, she is getting an inheritance from her brother, and the first distribution of that is in January (total will be less than $50,000). Her doctor does not believe she'll live very much longer.
Question--do we pay $1,000 for a will (cost is high because a lawyer has to come to her in the nursing home) to be drawn up or will it make that much of a difference? Would there really be that much of a tax burden with so little assets?
Thanks.