Are There Any Dangers with DIY Estate Planning?

February 25, 2020

Today, thanks to the multitude of online resources and tools you can find about many different legal processes including estate planning, it’s easy to feel a sense of security about taking on this project DIY. Creating your own will might seem simple enough, but it’s a task you can tackle on your own. However, minor changes in wording can have big ramifications on how your will is processed through probate and who receives what.

In these situations, it can sometimes make much more sense to partner with an experienced and dedicated estate planning attorney who can guide you through the process. Avoiding DIY estate planning and turning right to an attorney is also recommended if you intend to use a trust.

Trust can be tricky because at their base element, they are a legal document to pass assets to a beneficiary. However, trust can involve much more complicated maneuvers such as conditions attached to a bequest like handing out money only after the beneficiary reaches a certain age or dispersing funds over time. There are tax advantages to irrevocable trusts, but the ability to update a revocable trust also means this is something you should consider while consulting with your estate planning attorney.

While there are usually some estate documents that could be done without consulting with a CPA or a lawyer, the potential future impacts of these documents cannot be understated. Partnering with an experienced and dedicated estate planning lawyer will not only give you peace of mind, but ensure that you have protected what is most important to you. Avoiding these mistakes can make things that much easier for your loved ones.


Practice Areas:



Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Payment Portal
for Tax and Accounting invoice

This link offers a secure, quick way to complete your payment with Omni360 Advisors LLC.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts

Your Mid-Year Financial Checkup: 6 Questions High-Net-Worth Families and Business Owners Should Ask

More than halfway through 2026, now is a smart time for business owners and high-net-worth families to review taxes, estate planning, cash, investments, insurance, and major life changes before year-end. August can be ...

<p>The post Your Mid-Year Financial Checkup: 6 Questions High-Net-Worth Families and Business Owners Should Ask first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

Before You Sell Your Business: 7 Decisions to Make Years Before the Deal

Thinking about selling your business someday? Explore seven important decisions involving valuation, taxes, succession, estate planning, investing, risk management, and life after the sale. For many business owners, selling a company represents the culmination of decades of work, ...

<p>The post Before You Sell Your Business: 7 Decisions to Make Years Before the Deal first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>

The Hidden Cost of Advisors Who Don’t Talk to Each Other

Financial decisions rarely happen in isolation. Learn how coordination among your financial advisor, CPA, estate attorney, and insurance professional can help create a more connected ...

<p>The post The Hidden Cost of Advisors Who Don’t Talk to Each Other first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.</p>