Estate Planning Article

July 15, 2009

David Colker wrote an interesting article this week in the Los Angeles Times. The article addresses the benefits of advance planning but warns against some of the pitfalls an unwary consumer may experienced when creating a do-it-yourself Will or when utilizing the services of an online document preparation company to draft Wills.

When using form driven services, most problems may arise when the estate is not simple and straightforward or where the estate contains taxable aspects not considered by the client or where there the possibility exists of someone contesting the Will.

Even though a consumer might shy away from paying for the expertise of a qualified estate planning attorney, often the old adage rings true - "you get what you pay for," and after all is said and done, a comprehensive solid plan in most cases should very well save you money.

Notwithstanding the above, if your estate is worth more than $100,000 in the State of California, a Will cannot save your estate from a time-consuming, public and costly probate proceeding