It’s tempting, and we are all looking for ways to save our hard-earned money in this economy. With the cost of living rising by the day, it’s no wonder that more and more people are looking for ways to cut corners and save on expenses.
Some seemingly beneficial “cost savings” can have long-term effects and implications that you never saw coming. For example, trying to handle your estate planning online, without proper consultation, without legal knowledge, and without a trusted professional to help organize all loose ends, you could leave your estate and your grieving loved ones with a big headache.
Cookie cutter templates and “mill style” document services are legal. They can serve a purpose, but they work without fail in the most straightforward and simplistic cases. Unfortunately, they fail to show you the bigger picture and the implications of your planning on your loved ones. Yes, even for a beneficiary, there can be implications to being named. You don’t want your child to discover that receiving an inheritance cost them government benefits, ends up as marital property in a divorce, or is added to their taxes.
The best way to get a full-scale picture of how your planning will play out in real life is to schedule an appointment with an Estate Planning attorney. Then, lay your cards on the table for the most accurate road map for meeting your goals and avoiding common pitfalls that tend to be costly later on.
We specialize in educating and helping you protect what you have for the people you love the most. Contact us to learn more about how we can help.
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