You’ve seen the ads—“Estate planning made easy; click here!” or “Make a will online in minutes.” In today’s day and age, it’s natural for people to consider the DIY approach to estate planning. They see it as a way to save time and money. But before you jump into the DIY estate planning realm, there’s an important truth you need to understand: DIY estate planning is not nearly as cheap as it may initially seem.
First, there’s time—your time. Estate planning is a complex process with various legal nuances. As a non-expert, you’ll likely spend countless hours scouring the internet for information and seeking advice from individuals who may not have the proper qualifications. Time is money and you’re sure to waste plenty of it while you attempt to create an estate plan without legal guidance.
Next, consider the cost of making mistakes. Estate planning involves crucial decisions that must align with the specific laws and regulations of your state. Without the proper knowledge and experience, it’s all too easy to overlook essential elements. For instance, failing to establish a trust means that all your assets will go through the probate process. This can result in delayed asset distribution to your loved ones, not to mention the added expenses associated with probate, especially if there’s a will contest or other complications.
And finally, how much is your peace of mind worth? You will likely never know if your DIY estate plan works—or not. Problems, mistakes, or missed opportunities may only become evident after you die—after it’s too late to do anything about it. Worrying about whether you are leaving your family a cherished legacy or a pile of problems can destroy your peace of mind, leaving you worried and frustrated when you could be focusing on the most important relationships in your life.
When you factor in these aspects, it becomes clear that DIY estate planning is far from cheap. It’s a risky endeavor that can have significant consequences for your family, finances, and future.
If you’re ready to seek professional help, you’ve come to the right place. Our law firm specializes in estate planning and is here to assist you every step of the way. By working with our experienced team, you can gain peace of mind knowing that your estate plan is meticulously crafted and legally sound.
Don’t face the complexities of estate planning alone. Contact our law firm today, either through email at info@kinghornlaw.com or by phone at 520.529.4000, to learn more about our comprehensive estate planning services. We’re here to ensure that you never have to make important decisions without the guidance and support you deserve.