Husband and I met with an attorney today to get a will written. He talked to us a bit then strongly advised us to get a trust instead of a will. It’s significantly more expensive so we’re hoping to get feedback to see if it’s really worth the extra $2500.
We have:
-minor children, one with some special health needs though he will very likely live independently
-a primary residence
-some assets but nothing crazy - a large majority of our estate would be life insurance at this point
-a small business that successfully supports us but doesn’t have employees/isn’t worth a fortune
His points were that avoiding probate would be very valuable in the event we died with minor children and that it would protect our child who has some government support due to a disability.
Any thoughts?