Nick Perry explains why wills are expensive for transferring a house to your kids: probate takes a year and costs at least $15,000 in attorney fees. Instead, use a Transfer-on-Death deed, a one-page form filed with your county that automatically transfers the house to your heirs when you die, for under $100.
Never ever put your kids in a will because you're messing up their future. Look, a will is just an expensive instruction to the court because the second you pass, your home goes through probate, which is oftentimes a year-long process of the judge reading your will and making a decision. Oh, and it costs $15,000 in lawyer fees minimum. So if you want to avoid all of that, then do what the rich do and fill out a transfer on death deed. It's a one-page document that sends the house straight to your kids the day you pass without probate, lawyers, or court. It costs less than $100, and all you do is fill it out and file it at the county office. So make sure to send this to your friends and family because you should
