Dear Dave,
Our next-door neighbor was an older single man with no family, and my wife and I always tried to look out for him and help with things. He died recently, and in his will, he left us his home, his car, and the money he had in his bank account. The will was handwritten, and it said the house was worth around $350,000, with $150,000 left on the mortgage. The car is worth about $10,000. Officials at our county office building said the money in the bank account wouldn’t have to go into probate since I was listed as the beneficiary, and I was given a check for that amount. We’ve just never handled anything like this before, and my wife and I were hoping you would help us navigate things.
—Steven
Dear Steven,
There are a couple hundred thousand dollars in equity involved here. The fact that the will is handwritten doesn’t necessarily invalidate it, but it does increase the possibility of encountering some bumps down the road.
On top of that, if the attorney you work with knows folks at the courthouse and is familiar with how things work there, then it’s kind of like traffic court, you know? It’s almost automatic. I mean, we’re only talking about three assets here—a bank account that’s already been handed off, a car, and a house that’s mortgaged. For me, it’d be worth a little money to have someone on my side who knows the path through the woods.
—Dave
