(The following articles come to us, courtesy of Roberson Law in Dayton, Ohio)
Is “Do It Yourself” Estate Planning Legal?
Estate Planning, in simple terms, is the legal process that takes care of yourself and your property, both during your life and after your death. Estate planning is not synonymous with wealth planning. A common misconception is that you have to have a lot of money in order to do estate planning, an area of law that requires an intricate knowledge of the probate, tax, and trust code, and how they all work together.
Most attorneys who chose to practice in this area of law have some sort of advanced certification or accreditation in the field because of how difficult this area of law can be to practice. That is even more reason why people who try to draft their own Will, Trust, etc. should read the article that was just posted on the Sydney Morning Herald website about the dangers of “do it yourself” documents. Sometimes not having any estate planning documents at all can be better than having documents that are self-prepared due to the problems that can occur with documents that don’t comport with state law and are ambiguous.
– Nancy Roberson