DIY WILLS??

I don’t know. I have not assessed those products and would imagine they can work in the right situation.

When clients ask me to prepare a will, I focus on the client’s needs and I call it an estate plan. There are many factors in preparing each client’s estate plan.

Typically, a basic plan will include a will, durable power of attorney, health care proxy, HIPAA release form and advance directive which is also a living will. Depending on one’s assets, family and estate tax situation, the plan might also include revocable or irrevocable trusts, emergency guardianship designations, homestead declaration, life insurance trusts or pet trusts.

Estate planning not only involves the creation of the proper documents, but also involves how one holds the title to their assets such as real estate and financial accounts. The proper beneficiary designations on your retirement accounts and your financial products, such as life, property and casualty insurance, are crucial to the effective implementation of an estate plan.

Wills and these other documents affect real legal rights and interests. For some, an online service could be equally effective. For most, they need a legal professional to determine the most effective plan.

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2 comments on “DIY WILLS??

  1. […] documents.  For this and many other reasons, the revocable or any other trust cannot be left to a do it yourself website. There are many complexities and the involvement of an experienced attorney specializing in estate […]

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  2. […] A basic plan will include a will, durable power of attorney, health care proxy, HIPAA release form and advance directive which is sometimes called a living will. Depending on one’s assets, family and estate tax situation, the plan might also include revocable or irrevocable trusts, homestead declarations, buy-sell agreements, and life insurance or pet trusts. Estate planning not only involves the creation of the proper documents, but also involves how one holds title to their assets such as real estate and bank accounts. The appropriate beneficiary designations on your retirement accounts and other financial products, such as life insurance, are crucial to the effective implementation of an estate plan and probate avoidance. Today we rely on the internet for a wealth of information and we are truly fortunate to live in such a wonderful age of dynamic communication. However, as powerful a tool as this information can be, it must be used prudently and cannot replace the experience and education of a trusted professional. […]

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