DIY projects can be a great way to save a buck, especially if you’re on a budget. There are a few exceptions, however, and estate planning trusts is one of the big ones. More and more people are catching on to the importance of having an estate plan in place. But often they’re deterred by the high cost of working with a competent Attorney, whose fees often start at $3,500, $4,500 or more for even the most business estate planning solution. Bargain shoppers sometimes turn to online legal services in order to save money, but forget the best price is not always the best deal! The one-size-fits-all approach can be deceptively attractive, yet often winds up costing more and failing to deliver the desired result. So, buyer beware!
One common problem with online DIY legal document services is that you won’t know if a major component is missing until it’s too late. An estate plan is composed of many different documents that all work together to help avoid probate and ensure your estate is handled in the way you desire. However, if one of those components is missing, issues can arise that may force your estate into Probate, needlessly costing your loved ones precious time and money. For this reason, you may be better off engaging a competent professional to help ensure that all your bases are covered.
Hiring a professional gives you the opportunity to describe your unique family circumstances to help ensure your documents accurately reflect your wishes, goals, and needs. A single person without children wouldn’t plan in the same way as a parent or parents with children. First time married couples would plan differently than couples with 3 or 4 marriages between them. Brady Bunch couples with children and assets from previous marriages may also have children together. So as you can see, things can get complicated in a hurry. People who feel that their situations are ‘simple’ enough for a DIY approach often discover otherwise upon closer inspection. If we don’t know the questions to ask or the options that are available to us, our Estate Plan can come out looking (and smelling) like Swiss cheese!
With the DIY model, most websites offer basic, cookie-cutter solutions that fail to protect your estate properly. Some will even disclose that you use their service ‘at your own risk’ and make no assurance As to ‘fitness for any particular purpose’. Russian Roulette, anyone? So, what if you don’t lead a cookie cutter life? Family structures and relationships can be complicated. And what about all that legal jargon? Confusing! A competent professional will be familiar with your State’s laws and ensure that all state-specific and other important language is included. Claim your uniqueness! Select a legal practitioner who will tailor the process and the solution to your own, unique circumstances.
One final point – you don’t have to use a Lawyer in order for your legal documents to be legal, durable and effective. Life Planning, Inc. (“LPI”) is the perfect ‘lawyer alternative’. With more than 25 years’ experience helping thousands of families and business owners nationwide achieve peace-of-mind around their legal affairs, LPI streamlines the entire process, resulting in state-of-the-art legal solutions better, faster and more cost-effectively. Life Planning, Inc. will help to ensure your state-specific legal documents deliver their intended result without breaking the bank.
Need more information? Call (877) 438-7878 for your no-cost, no-obligation.