I've got open enrollment for an optional legal plan at work. Cost for 1 year is $305. Typically, I've always just waived it, but recently I've been thinking that I want to get a will written up and probably a trust as well. I'm 33, married, 1 kid and a second kid on the way. We've got a net worth of ~250k between everything. I want a will written up. My state has a free statutory will that you can fill in the blanks. I just don't know if that will be enough. I really want to set it up so that if I die, my wife would obviously get everything, but I want my life insurance (~$400k) to go into a trust and pay it out over x years. If both of us die, I want everything to go into a trust for our kids. I'm really not sure what the right trusts are or whatnot.
I've always figured i'd use a legal form website/software to crank out a will/trust. Does anyone have much experience with either a website/software or a legal plan? I guess I just want to make sure I set stuff up right. I'd like to do it as cheap as possible, but I don't want the quality of what I do to suffer because I'm cheap. Thoughts?
P.S. I'd cancel the legal plan next year, as I don't think I'll get much use out of it beyond these items.