Is estate planning a New Year’s goal? Avoid DIY options

Is estate planning a New Year’s goal? Avoid DIY options

On Behalf of | Jan 5, 2021 | Estate Planning And Probate

For many Colorado residents, a resolution for the New Year may be to finally get started on an estate plan. This is as good a time as any to start this journey, but it is important to keep in mind that while there are various paths to take, some are better than others. For example, some individuals may be considering do-it-yourself estate planning options, but that avenue could be filled with risks.

At first glance, the fill-in-the-blank forms offered online for creating an estate plan may seem simple to use. However, many estates are far from simple. Individuals may have complex matters to address like how taxes might come into play, how they can plan for a loved one with special needs, how valuable assets can best be protected and more. If this is the case, DIY forms likely cannot effectively handle these concerns.

It is also common for people to not know what they need to best cover their wishes and the details of their estate. Unfortunately, online options typically cannot go into the specifics of an individual’s situation, and as a result, a person may not receive helpful suggestions for creating a plan more suited to his or her specific needs and wishes. This could result in an individual using documents that leave much to be desired in the overall plan.

Having estate planning as a goal for the New Year is admirable, but like with any goal, it is important that it is done correctly. If Colorado residents want to get their affairs in order, it may be in their interests to avoid DIY routes and instead obtain help from experienced professionals. Georgia attorneys could help interested parties understand their planning options and create the best plans for their personal circumstances.