Howard Vigderman of Montgomery McCracken Walker & Rhoads. Courtesy photo Estate Planning for Low-Income Individuals: Avoid DIY Documents
Regardless of a client's income level, and even for clients with seemingly straightforward goals, DIY estate planning is generally not a good idea for many reasons.
May 12, 2023 at 01:07 PM
8 minute read
Estate planning for most individuals, in particular low-income individuals with few assets, is simple. It does not require much thought or consideration and can, of course, be handled without legal advice. After all, anyone can Google "will," "living will, "advance directive" or "power of attorney" and find scores of appropriate documents. Then it is just a matter of downloading the template and filling-in names. Simple enough and far easier than finding, working with, and compensating a lawyer. Right?
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