Many Texas residents may like to do many important tasks without outside assistance. While this type of approach may work in a variety of situations, when it comes to estate planning, parties may wish to think twice before foregoing legal help. These plans can have significant impacts on surviving family, and if mistakes are made, those loved ones could face estate administration complications.
If individuals have particularly complex assets, using a do-it-yourself planning tool may not be the best approach. Because online tools typically only provide the most basic information, individuals with more complicated situations may end up missing out on addressing important aspects of their estates. Additionally, unique circumstances or desires may need tools beyond those provided with DIY options.
Of course, even if parties do not have overly complicated estates, they could still miss important details if they choose to create their plans on their own. Legal professionals have useful knowledge relating to a variety of estate scenarios and could provide specific insight into particular needs. DIY options typically only deal in generalities that may cover a person’s obvious questions but not provide additional information that could also prove useful.
Without assistance, some individuals may not know that they have missed out on information that could help bolster their plans. If Texas residents would like to take a vigilant approach to estate planning, they may wish to ensure that the information they obtain is reliable and applies to their specific situations. Consulting with experienced attorneys could help interested parties ensure that their plans meet their goals and desires.
Source: marketwatch.com, “The problems with doing your own estate planning“, Cheryl Winokur Munk, Aug. 16, 2017