I was chatting with a friend the other day about estate planning and he told me something surprising. When I asked if he had an estate plan, he responded by telling me that he doesn’t have one yet because all the attorneys he met with quoted high fees.
Here are some things to consider if you shop around based on fees alone:
Have you ever thought about writing your own will? Maybe you thought about using one of those fill-in-the-blank forms advertised on TV? Estate planning is too complicated a process to do it yourself or to use a fill-in-the-blank form. There are too many areas where things can go wrong:
Did you know that approximately 60% of American adults do not have a written estate plan? Estate planning is extremely important, but most adults do not fully understand what estate planning is and how it works. Adults also do not fully understand that without an estate plan, a judge, who does not know you, your family, or your wishes, will determine who gets your assets and who will care for your minor children.