Can we do an updated will or do we have to have a trust?
My husband and I our in our mid to upper 60's and a year ago we downsized (financial reasons) into a villa in an over 55 community. We have an outdated will in another state that was done over 25 years ago and we need to cancel this will and have another one done with our now life, financial changes, and changes of our wishes. We have only 1 daughter (48 yrs old) and have discussed our wishes with her about everything we have going to her, when her dad and I are no longer alive. She has also expressed that she would love to have our villa and inquiring if we can only do an updated will or do we have to have a trust? A trust is very expensive and we really can't afford to go to an attorney to have this done. Can we have a simple will or trust drawn up online through Legal Zoom? If we can have this done I then will write a letter to former attorney in other state and have letter notarized to cancel the former will, due to new will/trust drawn up. I know my brother and I had a POA drawn up through Legal Zoom for my parents and it has worked out well. Just don't know about wills and trusts.....Has anyone done a will or trust through Legal Zoom and if so was the cost reasonable and did it work out well?