Low Cost Wills – Are they worth it?
There are many options available to create a do-it-yourself Will for little or no cost. These forms are popular because they’re cheap. In some cases, by saving money now, you are setting up your survivors to pay thousands in legal fees to fix what you created with inappropriate documents.
Free or low cost programs and forms available on the internet cannot perform a detailed legal analysis of a person’s estate planning needs. They also cannot address important planning issues, such as leaving money to a beneficiary who is disabled, in debt, or headed for a divorce. A good estate planning attorney will discuss the details of a client’s financial situation, their goals and their family relationships. Estate planning is not a “one size fits all” business. A well-drafted Will or Trust should be carefully tailored to meet the individual’s unique goals. [Read more…]