A lot of people like to roll up their sleeves and do things for themselves these days, and DIY projects can indeed be fun and rewarding. The trick is to know where to draw the line because you could think you’re saving money by tackling a task when in fact in the long run it winds up costing you more than it saves.
This is definitely true when it comes to estate planning. There are entities out there that will sell you generic legal documents. They say that you can plan your own estate. What they don’t tell you is that if you do, you may be making an egregious error.
Each family is different, and every person has a unique vision for the future. There is no one single estate plan or estate planning document that is right for everyone. Depending on the dynamic of your family and the specifics of your circumstances any number of approaches may be optimal.
The above is something that is pretty evident to anyone who is sober minded about business and financial matters, but there are those who fall prey to offers that sound too good to be true.
The real truth is that executing legal documents is something that should be done with professional representation. You don’t need a generic template document–what you do need is an estate plan that is tailor-made for you and your family.
If you’re ready to get serious about making preparations for the future well-being of those that you love, right now would be a good time to make an appointment to speak with a licensed and experienced Indianapolis estate planning lawyer.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
- How Does Life Insurance Fit into My Estate Plan? - September 28, 2023
- Will Medicaid Pay a Family Member to Care for Me in Indiana? - September 26, 2023
- Challenging a Will in Indiana Based on Lack of Testamentary Capacity - September 21, 2023
