A common question among people is “Can I write my own will?” or “Do I really need a lawyer to do my estate planning?”
The Frisky‘s recent article, “Why You Should Hire A Lawyer to Write Your Estate Plan,” says that writing your own estate plan can be a complicated thing—and one that a non-attorney may find very difficult.
It’s More Than a Will. Many people believe that a will and an estate plan are the same. This is not true. An estate plan is a legal strategy that prepares you for potential incapacity and eventual death. A will is a legal document that’s part of the estate plan.
Money, Time and Energy Savings. Creating your own estate plan will be more time-consuming than you may have thought. Hiring a lawyer to do this will cost you—but it will cost you more, if you decide to do it on your own. Hiring a lawyer for your estate plan will save you time, because he or she is trained in the law to do it the right way.
If you do finish your own estate plan and you realize that it really is a mess, you can hire a lawyer to do it over for you. However, calculate how much time, energy, and resources you’ve spent on making on your quick DIY estate plan. Work with our experienced estate planning attorneys and create a sound estate plan.
It’s Complicated. If you don’t fully understand what you’re doing, estate planning can drive you nuts. That’s because every word you write is crucial. Everything you write counts and may be interpreted differently. The law in this area also changes all the time. Agencies in the federal government, the IRS and the courts are always creating new regulations and decisions. Our estate planning attorneys monitor all of this, making sure your estate plan is in compliance and taking the best advantage of the current law.
Objectivity. Another thing our attorneys add to the mix—in addition to legal expertise—is objectivity. Our experienced estate planning attorneys will give you a clean, unbiased view of your current situation, along with a fair and honest assessment of your options.
Feel free to reach out to us to request an estate planning consultation. Our attorneys will take the time to listen to your goals and offer a strategy to create an estate plan that protects your legacy and cares for you and your loved ones.