Individuals tackling the task of estate planning on their own, sometimes realize that their estate or goals are more complicated than DIY estate plans are intended to address. While some simple matters may warrant the use of less expensive DIY methods, more complex estate planning issues create common pitfalls that can cause unintended consequences when relying on a DIY estate plan. One common unintended consequence is an improperly funded trust created by missing additional steps for funding the trust, such as changing the title for real property or also including a pour over will.
See Dennis A. Fordham, Your Legacy and Peace of Mind: The Pitfalls of Do-It-Yourself Estate Planning, Record-Bee, Jan. 20, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
