Warren Buffett once said about his job that he couldn't understand why this economy rewards men who run into burning buildings and women who nurse patients back to health from death door with tiny little salaries, while he was rewarded with billions for being able to spot the mispricing of a commodity.

If you have small family and not a lot of valuable stuff in the house, you could probably write out a simple division of property and that might suffice....jewelry goes to X, watch goes to X, furniture should be sold and money divided equally between X and Y.No will, no probate, no trusts, no attorney fees.Now...that's for a quick death...if you are going to die slowly, then you probably want the package of POA, health directive, and all that that they give you in a package deal now.One other solution I am considering for the properties is to put them all in LLC or maybe 2-3 or multiple LLCs if possible. 

Someone age 60 looking for a term policy in average health will pay $380/month (it can cost much more depending on health).

Oh and the kid....the first priority will likely be their health and safety before the enforcement of any contract.

Were in a major election cycle, they won't do what is best for health of the nation, there going to do what's best for there political position first and foremost.

So put capex aside, depending on age/health.

For others, here's the link (if it works and is not blocked):https://www.biggerpockets.com/files/user/JustinS374 There are 3 other resources I created here as well:1) Financial Health Plan (Word template)2) Net Worth and Monthly Cash Flow Tracking (Excel)3) Buy & Hold Analysis (Excel)Feel free to download any or all of them and use however they help.Happy Investing!

Consider traditional IRA, health savings accounts, SEP IRA, SIMPLE IRA and 401k to lower tax liability if you are not using some of them now. 

People who are afflicted with consumer debt and have an inability to manage their money would do well to get involved in one of his clinics. 

UT with it's Scott Park campus has joined forces with the Medical College of Ohio (UTMC or Health & Science now) under one umbrella.