You can save a lot of money by learning to do things yourself. You can also cost yourself a lot of money by trying to do too much yourself. Let’s take your car for instance. You can save some money by changing your own oil. It’s not too complicated and there’s not too much you can mess up. However, you might not want to repair your brakes. It’s complicated and the stakes are too high.
I would put your estate plans in the same category as brake pads. Don’t try to save money by using a service that allows you to write your own wills. Estate planning is complicated and there is too much at stake try to do it yourself. It’s not worth saving a thousand bucks or two today and missing out on something that can save your heirs much more.
If you need help finding a good estate planning attorney, let me know. I have a few I can recommend.
Legal Disclaimer: These posts do not constitute an offer or recommendation to buy or sell any securities or instruments or to participate in any particular investment or trading strategy. They are for informational purposes only. CTW gathers its data from sources it considers reliable. However, CTW makes no express or implied warranties regarding the accuracy of this information or any opinions expressed by the author and may update or change them without prior notification.
About the Author: John O’Connor
John has more than ten years experience as an Investment Advisor. He focuses on devising and maintaining portfolios that meet individuals’ needs, investment research, and investment strategy. John has been recognized as a “FIVE STAR wealth manager” by Twin Cities Business Magazine 2016-2020.