Should You Hire an Estate Planning Attorney to Draft Your Will or Trust vs. an Online Document Preparation Service?

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  2. May 24, 2013 1:14 am

Should You Hire an Estate Planning Attorney to Draft Your Will or Trust vs. an Online Document Preparation Service?

Do You Need an Estate Attorney To Draft Your Will?

One of the seminal questions facing individuals today has to do with asset allocation. As these folks plan for the future, they want to know the best ways to draft their will or set up their trust. Some people might have heard that it is better to use an attorney when putting together these documents. Others might think that they can get by using one of the many online services. There are advantages to both approaches, and different sorts of people will benefit from each. It is important to make a decision that will be more beneficial to you in your specific situation.

Hiring an Experienced Estate Planning Attorney
People who have complicated wills may want to use an attorney to get the best results. With a good estate planning attorney in tow, you will be able to work through any extensive asset issues. You will be able to make choices that lead to the best tax consequences. If you have many heirs or there is some difficult part of state law that you need to consider, then an attorney is probably the right choice. People in this position should know that they can never go wrong by hiring a professional.

The Upside to Using an Online Service
People with fewer needs might be able to get away with using the online services. Many online document services allow you to create a will or trust in only a few hours. This can save you a lot of money, and it can expedite the process to some extent. There are some limitations associated with this route. Online document services are not typically equipped to help you if you need some sort of extensive tax planning, and they are not the best for people who have wills with dozens of ownership considerations.


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