When It Comes To Estate Planning, What Are The Types Of Cases That You Would Like To Take On?
I like to help the average person, not people with money. If they start talking about having more than a million dollars, I refer them to someone else. Sometimes, we actually plan for probate because we know that the children are not going to get along. It is a simple situation, however, we want to get everything in place as much as possible to bypass probate and avoid the three thousand dollars to go to court. My ideal client is the average person, who is just making an average amount of money and doesn’t really think they even need these documents.
After going through the conversations and getting all the documents together, they really feel a weight lifted off their shoulders. You can’t fix a will that gives your money to someone you didn’t intend to. That is the key of having an attorney involved: getting the documents to do what you want and then making sure that they are actually drafted and signed correctly.
Can People Do Estate Planning Themselves?
Technically, you can do your own will online, but is it really doing what you want? Are there other options that you’re not thinking of? That is what an attorney is there for. If you simply draft a will, you are planning for probate. If you want to avoid probate and avoid costly errors, you should invest in the assistance of an attorney.
When Should I Update My Estate Plan?
Whenever we draft, we want it to last forever. However, there are always life changes. It is a good idea to have a relationship with an attorney and have that conversation periodically. Maybe your assets have changed, your philosophies have changed, or your location has changed. It is always best to get a new set of documents for a new state because most documents are very state-specific. You should update your estate planning documents any time you experience a significant change of circumstances.
If People Divorce, What Are Some Important Things That They Should Change In Their Estate Planning Documents?
It is probably a good idea to do new documents if you get divorced. However, by law, if you get divorced, your ex-spouse will automatically be written out of your will, unless you specifically write them back in.