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Estate Planning Blog

Your Current Estate Plan: Trick or Treat?

October 18, 2011

Online estate plans and document “kits” are all the rage these days. They typically appeal to people who are looking to save money and at least get something in writing should they pass away.

I’ve actually worked with quite a few of such people in my own practice, namely when their DIY plan backfires and fails to protect their loved ones in a true emergency.

It’s no secret that budget estate plans notoriously fall apart and set well-meaning people up for a nasty TRICK, instead of a treat, when the unthinkable happens. And the worst part is that it often costs families far more to fix these mistakes than it would have to work with an attorney in the first place.

Remember, the purpose of an estate plan is to make sure that there are no surprises, oversights or loopholes waiting for your loved ones if you should pass away or become incapacitated for any reason.

A generic estate planning kit may help you decide who should get what if you die, but will it shield your assets from nursing homes or the state if you ever become disabled and need long-term care? Will it guarantee that your kids will be raised by the people you want, in a way you want, if the unthinkable happens? Will it ensure that your hard-earned money is immediately available for your loved ones rather than being tied up for months or even YEARS in the probate court?

In the majority of cases, the answer to these questions is NO, causing much pain, sorrow and chaos for families in the midst of a crisis situation.

Don’t let your family find an unexpected TRICK in your estate plan if tragedy strikes. At the very least, have your DIY plan reviewed by a Sacramento County will and trust attorney so you know exactly what it does and does not cover should you pass away or become incapacitated during your lifetime. The financial and physical security of your family depends on it.

Call The Chubb Law Firm today at (916) 241-9661 to review your goals and discuss your options.

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CLIENT Story

My wife and I have some quite large complexities both in our individual preferences and the construct of our life. When planning for our trust, Heather took the time to hear EVERYTHING we said. The trust which Heather formed for our family took all our concerns into account. When everything was said and done, we received a trust which, by design, is extremely personal to our circumstance. We also are delighted to have Heather to be part of our team of advocates to help when the time comes.
Jon

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