1930 N Arboleda #201, Mesa, AZ 85213
Arizona Attorneys, With Law Offices In Mesa
Mesa Arizona Estate Planning Attorney
  • 1930 North Arboleda, Suite 201
    Mesa, AZ 85213
    40 N. Central Avenue, Suite 1400
    Phoenix, AZ 85004
    • Best way to reply

    • Gunderson, Denton And Peterson Office Locations

      View View Gunderson, Denton And Peterson Locations in a larger map

      Planning for the Future with Gunderson Denton

      Why You Should Avoid DIY Estate Planning

      Why You Should Avoid DIY Estate Planning with Brent Gunderson

      Why You Should Avoid DIY Estate Planning
      Estate Planning Attorney Brent Gunderson explains why DIY estate documents can cause problems in the future.
      Phoenix, Arizona

      With so much information and tools available on the Internet, more and more people are bypassing using a lawyer in documenting their own estate plan. As a consumer, you may think this is a great idea – you get your important planning documents done at lower initial costs than of hiring an attorney after all.  The reality is that this DIY approach can be a big mistake. It’s virtually impossible for an online form to fit everyone, and you may not be able customize it to fit your life and your needs. On the other hand, hiring an estate planning lawyer will ensure that your estate plan is personalized and every detail is reviewed by a legal expert.

      Here is why you should avoid doing it yourself when it comes to estate planning.

      DIY forms are rarely customized. They are generic by nature; a one-size fits all sort of thing. The reality is that your estate is not like anyone else’s. Your beneficiaries may have different needs from each other. You may forego some significant asset protection benefits available to your beneficiaries that you won’t even know about. You could have step children to include. You may have a business or special assets to pass down that require some custom planning. Not everyone is the same, and your estate plan shouldn’t be either. You might have to be applying for probate in Queensland in case there is necessity for property and ownership related matters

      The laws are always changing. It can be difficult to stay on top of the ever-changing legal system. Even if you are lucky and find an estate plan form that seems fit for you now, it doesn’t mean that it is up-to-date and complies with your state laws. Without the help of an estate planning attorney, you may not be prepared when the laws change and end up with a document that is not valid at the time of your death.

      Laws vary from state to state. Unlike federal laws, states laws greatly vary when it comes to trusts, probate and taxes. State estate laws can be so varied and specific that it would be very difficult for an online form to properly cover the different laws of every state:  For state specifics, your best bet is to check with an attorney in your state.

      Most online programs contain disclaimers. If you are using a guide to help you write your final wishes, the last thing you want is to read something that states the information in the book is not legal and is not a substitution for legal advice. Yet, many books, software or programs have this disclaimer hidden somewhere. They also often go on to state that you should seek the advice of an attorney for legal advice, which is exactly what you should do in the first place.

      DIY kits may sometimes grant too much power to another party. The power of attorney document is one of the most misunderstood document. If not drafted carefully, it can be used in a way contrary to the grantor’s initial intent. An easy remedy for this is working with an attorney who can explain the different options are available to you.

      You get what you pay for. According to an estate planning attorney, generic is not the way to go when it comes to estate planning. With a DIY form, you may save money in the short run over hiring an attorney, but you may end up with a document that will not accomplish your actual objectives. The elder law attorneys in Cape Cod can protect the senior citizens from being exploited of their properties.

      There are many things that are great for DIY; for example, building a bookshelf or painting a room in your home. Estate planning is not one of them. Just like you would see a specialist for a serious ailment, serious planning for when you become incapacitated or pass away is better left to a qualified attorney who is familiar with the many issues to be addressed and can customize your estate plan to your actual needs and objectives. Do yourself a favor and skip over any DIY estate planning you may come across. Though it may seem like an easy way to save money, you and/or your heirs will likely end up regretting it later.

      Author Brent GundersonPublished By:

      Gunderson, Denton & Peterson, P.C.

      Mesa Office:
      1930 N Arboleda #201
      Mesa, Arizona 85213
      Office: 480-655-7440
      Fax: 480-655-7099
      Email: brent@gundersondenton.com
      Website: https://gundersondenton.com

      Phoenix Office:
      40 N Central Ave #1400
      Phoenix, AZ 85004
      Phone: 480-325-9937
      Website: https://gundersondenton.com/phoenix

      Lawyers for estate planning and immigration in Mesa, Arizona


      Comments are closed.

      Estate Planning

    • Mesa Arizona Estate Planning Lawyer Brent Gunderson
      Debbie Mitchell, estate planning paralegal at Gunderson Denton
      Paralegal For Estate Planning Lindsey Rice
    • GDP Estate Planning Blog

      Is There an Income Tax Time Bomb Lurking in Your Estate Plan?

      Estate Planning for Young Families

      Estate Planning Practice News Update: Brent Gunderson now licensed in both AZ and NV

      The Shocking Truth About Asset Protection Planning

      Three Estate Planning Mistakes Farmers and Ranchers Make and lose their cash and How to Avoid Them

      Arizona Is One Of Only A Handful Of States That Offer A “Transfer On Death” Designation For Automobiles

      Does Your Family Member Have Capacity To Create A Will?

      How Clients Can Easily Integrate Asset Protection Trusts into Their Estate Plans

      5 Things to Consider for Flexible Trusts to Update Your Estate Plans

      I Created A Will With A Form I Found On The Internet. Do I Need To Worry About Its Validity?

      Five Ways to Make Trusts More Flexible

      And Then There Was One: When Removal Clauses Backfire

      Why You Should Avoid DIY Estate Planning

      How to Create a Successful, Multigenerational Wealth Transfer Plan

      How to Become a Multigenerational, Purpose-Driven Advisor

      Trust-Focused Strategies for Reducing Income You or Your Trustee Can Use Now

      Lessons from the Estate of Tom Clancy: Careful Drafting Matters

      The 4 Estate Planning Documents Everyone Needs

      Asset Protection Planning for the Modern Client

      What Legacy for Your Children

      How to Protect Inherited IRAs After the Clark v. Rameker Decision

      How Important is it to be Clear When Drafting Your Last Wishes? The Casey Kasem Example.

      The Most Important Parts of Estate Planning Can’t Get Legislated Away

      Three Top Reasons to Update Your Estate Plan in 2014

      The Importance of Revising an Estate Plan After Divorce

      Charitable Giving After ATRA

      Does the American Taxpayer Relief Act of 2012 Affect You?

      Why You Should Review (and Update) Your Estate Plan

      Estate Planning for Blended Families and Stepchildren

      Estate Planning–Securing the Future for Yourself and Loved Ones

      Estate Planning Law at Gunderson, Denton & Peterson, P.C.

      Estate Planning Moves to Make Before the End of 2012

      The Estate’s Responsibilities to Creditors and the Basics of Transferring the Estate

      Estate Planning: What are the risks of creating your own plan?

      • Get Linkedin Mesa Arizona Lawyer
      • Legal counselors Facebook
      • Mesa Arizona Lawyer Twitter Account
      • law feed, legal advice, blogs and more

      Additional Estate Planning Resources

      irs.gov - Estate Planning Info For Small Business And Self Employed Individuals

      irs.gov - Estate And Gift Taxes

      Estate Planning Resources And Tools From The Wealth Counsel

      Mesa Arizona Attorneys And Lawyers contact@gundersondenton.com
      1930 N Arboleda #201
      Mesa, AZ 85213
      Phone: 480-655-7440

      Office Hours

      Monday-Friday 8am-5pm

      Skilled Professionals. Personal Service. Exceptional Results.
      Privacy Policy
      Design By Mesa Web Designer MFWD