DIY estate planning is growing in popularity. Many people see it as a way to save time, save money, and reduce the stress often associated with the process.
However, there are a variety of challenges and risks associated with DIY estate planning, such as when you’re presented with the opportunity to create a living trust online.
Here is why you shouldn’t create your living trust online, but instead rely on the assistance of an experienced trust attorney:
- You don’t know the law: Even though the tool you’re using will tell you that they can help with this, there are finer details that only an attorney can share. If you make a mistake when creating a living trust, it could result in it being invalid upon your death.
- There’s no one to answer your questions: Without someone on your side, you could easily make a mistake that puts you and/or your loved ones at risk. You need someone you can rely on during the process and if you need to make changes in the future.
- You don’t know what to include, what to leave out: Maybe you want to include all your assets in your living trust. But perhaps you want to leave some assets out. You’re likely to have questions about this, which can result in confusion and poor decision making.
Creating a living trust online sounds like the perfect idea, but it’s likely to lead you down the wrong path. You may soon find that you’re in over your head. And even if you don’t, you’ll always have questions about whether or not your trust was created in the appropriate manner.
If you want to create a living trust or learn more about the pros and cons, contact us to talk about your situation and what comes next. We’re here to provide personal assistance every step of the way.
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