Risks Involved With Planning Your Estate on Your Own Without a Professional
Planning your estate can be a complex and nuanced process, and it is often advisable to work with a professional, such as an estate planning attorney or financial planner, to ensure that your estate plan is comprehensive and effective. While it is possible to create an estate plan on your own, there are several risks involved in doing so that you should be aware of.
Mistakes
One of the primary risks of planning your estate on your own is the possibility of making mistakes. Estate planning involves many legal, financial, and logistical considerations, and it is easy to overlook or misunderstand key issues. This can result in a poorly executed estate plan or not reflecting your true wishes.
For example, if you create a will on your own, you may inadvertently use ambiguous or confusi...