The internet is full of websites that purport to teach a viewer how do almost any task. While many of them can be helpful, there are some topics that do not lend themselves well to a do-it-yourself (DIY) approach. Though it may be tempting to think about carrying out estate planning in this fashion, Arizona residents may find that such an approach will cost more in the end.
There are several reasons why estate planning should not be done through blank forms and internet how-tos. The first reason is that even the most simple estate does not lend itself well to this approach. There is no such thing as a one-size-fits-all, as even a straightforward plan requires a tailored approach to ensure that all instructions are clear and that loved ones are provided for in the manner desired. Some may believe that a DIY estate plan can reduce the cost. However, during the planning phase, a misused legal term or other mistake can wind up costing much more to correct.
Another problem with DIY plans is the planner has no access to legal guidance. Every state has its own laws and these forms may not address all of the potential problems. In addition, there may exist situations that cannot be accommodated properly without the skilled assistance of an attorney. Likewise, a blank form or website cannot provide sound guidance on how to choose the appropriate individuals to serve in official capacities.
Diligent estate planning is more complex than selecting paperwork. There is a need to coordinate beneficiaries with assets and decide how all property is to be dispersed. In the case of a second marriage or special needs heirs, then the plans will need to be structured in the way that best provides for these circumstances. Arizona residents who are preparing to prepare these vital plans are best served by consulting with an experienced attorney.