Creating an estate plan will pull you in many different directions.
On one front, you want to do what’s best for you and your loved ones, no matter what it takes.
Conversely, you’re not excited about spending too much time on the process, as it’s not your idea of a good time.
It’s natural to look for ways to cut corners. However, if you take an unnecessary risk, it could cost you and your loved ones time and money in the long run. Not to mention the stress that it can add to your life.
Here are some of the risks you don’t want to take when creating an estate plan:
- DIY estate planning: Rather than contact an estate planning attorney, you decide to go online and create your own documents. It’s an option that’s available, but it’s a big risk. You don’t know what you need or how state and federal laws will affect you. This can result in a serious error.
- Relying solely on a will: Yes, this may be a big part of your estate plan, but don’t stop there. There are other things to consider, such as a trust and healthcare power of attorney.
- Leaving your spouse out of the conversation: If you’re married, you should work side by side with your spouse to ensure that your estate planning wants and needs align. Don’t make the mistake of tackling this process on your own.
These are the types of risks that you may be tempted to take when creating an estate plan. Before you go down this path, take a step back and realize that there’s a better approach.
Contact us for more information and advice on how to create a comprehensive estate plan. We’ll do all the heavy lifting for you, as to ensure that you get exactly what you want with as little stress as possible.
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