Form Generation Services
Recently, we’ve had new clients showed us the trust that they had created with an online form generation service (think Legal Zoom, Rocket Lawyer, Suze Orman). They believed that they had taken care of each other and their children adequately because all the marketing led them to believe that estate planning is so easy that anyone can press a few buttons and take care of it themselves. Thankfully, they attended one our workshops and decided to revise their plan.
Danger in the Lack of Details
The trust that they created held no assets – they were not aware that they needed to transfer their real estate to the trust to avoid probate, they did not know that they needed to change the beneficiary designation on their life insurance policies or contact their banks to make title and beneficiary changes. The trust they created was empty.
Estate planning is serious business.
Please work with an attorney who dedicates their practice to crafting plans that protect a surviving significant other and children of all ages from tax, creditors, and the common perils of inheritance.
If you know someone who has created their estate plan online, please let them know that they can attend one of our workshops at no cost.
If you have friends or family who believe that they can DIY their estate plan, please let them know…