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DIY estate planning may be risky

When it comes to creating an estate plan in Oklahoma, knowing where to start can understandably be confusing. Some couples immediately pursue the do-it-yourself, or DIY, estate planning route. However, trying to create an estate plan without legal guidance can be detrimental in the long run.

Some consider using websites to create their estate planning documents, such as wills, because the process may seem faster, and the online documents are often free. However, couples who have financially complex situations or significant assets may especially find it risky to use online websites for this purpose. DIY options may also be unfitting for those with complicated family situations or situations that are out of the ordinary.

Just as creating a will or another estate planning document can be risky to do online, setting up a trust without the help of an attorney can be risky as well. Lay people are simply more likely to make mistakes when creating estate plans. Unfortunately, these mistakes may make their estate plans invalid.

Taking time to engage in estate planning may seem difficult in today's fast-paced and busy society. However, not coming up with a will or other important estate planning documents may mean that one's assets will not end up in the intended hands. It might also mean that one's end-of-life-care wishes will not be upheld. An attorney can make sure that all Ts are crossed and that all Is are dotted during estate planning, so that one's best interests are ultimately protected in Oklahoma.

Source: marketwatch.com, "The problems with doing your own estate planning", Cheryl Winokur Munk, Aug. 16, 2017

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