The Dangers Of Do-It-Yourself Planning
The internet has been a boon to people who like to take on projects themselves. You can find tutorials online for everything from hammering a nail to building a home from the ground up. The legal arena has not been immune to this new age of doing things for yourself. A number of businesses provide “canned” forms that they claim will allow you to do your estate planning by yourself at a low cost. While these forms are useful for getting people to consider what they would like their estate plan to look like, they are a poor substitute for experienced legal counsel.
I am attorney Mike Parham, founder of Parham Estate Law in Memphis. I have dedicated my legal practice to help meet the needs of individuals and families throughout Tennessee. To learn more about the services I provide, please call 901-617-1948 to schedule an initial consultation.
Designing A Plan Tailored To Fit Your Unique Situation
The problem with preprinted estate planning forms is that they are of a one-size-fits-all design. By failing to recognize everyone’s individual circumstances, people’s estate planning needs often fall short when they rely on these types of forms. This coupled with the fact that it can be easy for laypeople to misapply the law, use the wrong documents or prepare the documents incorrectly can leave family members facing a nightmare when it comes time to administer an estate.
An estate plan is about more than filling out paperwork. Your lawyer should also serve as your trusted advisor who can counsel you on the most effective way to protect your family, and to ensure that your assets are preserved and distributed as you see fit. The peace of mind that comes with knowing your estate plan is properly in place is priceless.
Do Not Take Your Chances On A DIY Estate Plan. Contact Me Today.
When you meet with me, I will take the time to listen to your goals. Then we can work together on formulating the estate plan that is right for you and your family. To speak with me, please call 901-617-1948 or contact me online to schedule an initial consultation.