In this world driven by do-it-yourself options, it might seem like you can handle just about anything. There are several things, though, that you definitely want to hand off to a qualified estate planner rather than attempting on your own.
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To start with, even the most basic of estate planning documents, a will, probably needs customization. If you’re using some form of template, trying to invalidate it could turn out badly if you don’t do it appropriately. This could mean that your wishes are totally ignored due to an overlooked accident. Each state has specific provisions and wording, so make sure you’ve gotten yours reviewed by someone in the know.
If avoiding probate is one of the goals you have set out for your estate, you really should consider a conversation with an estate planner. The truth is that there are numerous ways to avoid probate and to minimize the blow of estate taxes, but those can be complex and require the eyes of a trained professional. Don’t count on yourself for those strategies.
One of the biggest reasons to trust your planner is because laws in the realm of estate planning have the potential to change often. You most likely don’t want to read through laws and regulations to understand your opportunities and responsibilities, but attorneys are up to speed on all the latest changes. What you can do on your own is to generate a list of what you’d like to accomplish with your plans and draw up questions you have about the process. Being proactive goes a long way towards proper estate planning. To set up a meeting, email firstname.lastname@example.org or contact us via phone at 732-521-9455 to get started.