If you lack estate planning knowledge, it’s natural to feel stuck. Even if you want to create an estate plan, you’re unsure of where to start. And with that, you’re more likely to drag your feet. But here’s the good thing: you can create an estate plan with no knowledge at all.
Here are three things you can do to help your cause:
1. Consult with an attorney
If you do nothing else, let it be this. Consulting with an estate planning attorney ensures that you always have someone on your side who can answer your questions and provide professional guidance. You don’t need advanced knowledge of estate planning. All you need is the willingness to follow the direction of your legal team.
2. Research online
With the help of the internet, you can learn the basics of estate planning, along with some more advanced information if necessary. Learn about estate planning laws in your state. Research the difference between a will and a revocable living trust. Decide what you should and shouldn’t do in regard to incapacity planning.
3. Talk to friends and family
No two people take the same approach to estate planning, so you can’t follow in anyone’s footsteps. However, you can take cues from friends and family. For example, if you know someone who has children around the same age as yours, talk to them about the process of naming a guardian. A different point of view can help you formulate a strategy of your own.
Don’t let a lack of knowledge stop you from creating an estate plan. Instead, take the steps above to put yourself on the right track. When the time comes to consult with an attorney, contact our law firm online or via phone at (817) 899-3286. We’re here to share our knowledge with you.