The Downside of DIY Estate Planning

We understand the desire to save money with DIY estate planning, but it is never a good idea. There are three main reasons people create estate plans: to distribute assets to the people and organizations they love most, to protect the financial and physical well-being of loved ones, and to minimize unnecessary taxation. Unfortunately, all of these are compromised when you do your own estate planning.

Failure to comply with estate laws or not understanding all of the fine print and potential loopholes means your heirs and beneficiaries can miss out. Worse, a poorly executed or vulnerable estate plan means the estate runs through probate, and the court’s decision may not align with your original objectives.

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