Trust lawyers are well aware of the variety of online estate planning tools available to those in Bethesda and Largo and beyond. The variety of products available can create a false sense of security, however, when an individual believes he or she has made adequate plans for the estate. Recent Consumer Reports findings determined that the tools they reviewed were not robust enough to plan for situations that were even slightly complex.
For example, the high divorce rate in the US means that many individuals wish to provide for children from multiple relationships. Most of the software reviewed by Consumer Reports could not meet the hypothetical clients’ specific wishes when it came to this subject. In these “blended family” situations, the estate planning tools were too rigid in their options.
A number of other problems were uncovered in this experiment, which is not a big surprise to estate planning lawyers in Bethesda and Largo. Each family and individual’s situation is highly dependent upon so many factors that it is nearly impossible for a computer program to anticipate them all. Additionally, engaging with a live person means that there is a capacity for human understanding that the programs simply cannot replicate.
This interpersonal relationship is every bit as important as the documents that are created. From the lawyer’s extensive education and experience, he or she is able to guide clients into creating documents that are truly relevant to their particular circumstances. In the world of estate planning, “one size fits all” simply doesn’t work.
One of the biggest problems with online estate planning tools is the fact that they seem to open so many estates up to the probate process. As a result, families are left waiting for the courts to rule on decisions that the deceased believed had already been made. Unfortunately, those decisions don’t always reflect the true wishes or spirit of the documents generated through these software programs. Just as devastating is that fact that the probate process can be very expensive, thereby decreasing the amount of inheritance that beneficiaries eventually receive.
It is commendable that so many Maryland residents are taking an interest in the estate planning process. It is an unfortunate reality, however, that using online tools generally won’t be enough to plan for the actuality of your given situation. Without a doubt, the best and safest approach is to develop a relationship with a trusted estate planning lawyer who can provide the expertise required to truly meet the needs of today’s modern families.
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Kinsey Law Group, P.C. was formed to focus on the needs of families. We are dedicated to assisting you in the areas of Estate Planning and Assisted Reproduction/Surrogacy. If you have questions or concerns, you’re invited to call 301-968-1630 or send an e-mail any time, without cost or obligation.
Locations: Montgomery County (Bethesda, Maryland); Prince George’s County (Largo, Maryland) and Washington, D.C.
Tags: bethesda, Estate Plan, Estate Planning, Largo, Maryland, Montgomery County, Prince George's County