Pitfalls of Do-It-Yourself (DIY) Estate Planning
In an age where almost anything can be accomplished online, “do it yourself” estate planning websites have recently increased in popularity. Unfortunately, many people who choose to replace proper professional advice with do-it-yourself (DIY) estate planning disregard the potential consequences of their actions. What is a “DIY” Estate Plan? Well, in simplest terms, an estate plan is a plan you create for the future in the event you are deceased or become too incapacitated to make critical decisions regarding your finances or healthcare. When you choose the “DIY” route, you utilize an online “do it yourself” document creator and neglect ... Read More
Three Dangers About Making Your Own Estate Plan
Can I make my own estate plan? Here’s the short answer, don’t do it. This is a common question, and while it is possible to make your own estate plan, it is very complex, and there will be holes. You could Google "how to write a will" but whatever blog article comes up, it won't be a proper will and it won't help your estate plan. But isn’t it possible to create an estate plan from scratch in a matter of minutes? What about a transfer-on-death deed for my land or adding my kids to my bank account? Again, you can, although ... Read More
