When DIY Could Be a Bad Thing

Legal documents (wills, trusts, powers of attorney, prenuptial or divorce settlements) are complicated.  Money and family relationships are at stake.

“Do It Yourself” online computer programs do serve a purpose.  Even if your estate is small in size and your estate plan is simple consider hiring an attorney.  Some couples divorcing try to “save” money by doing their own representation.  Consult with a financial planner before going to far, you may be missing some key information on why you need to seek professional advice.

Personalized plans do a better job of protecting your family.  Go ahead and do some research with the DIY forms, but discuss serious matters with a good attorney.  It will save you a lot of heartache in the end.  Too many people regret not having a professional review their estate plans.  If you are uncomfortable or don’t understand what is being proposed, find a new attorney or ask your financial advisor.

Even if you discover that you need to completely redo your documents with an attorney, you’ve taken the all important first step of thinking through all the issues and you may save yourself some time.

Watch for our next post. The post will be loaded with tips for starting your estate planning in earnest.