The Pros & Cons of a Do-It-Yourself Will
Should you take a do-it-yourself approach to making your will - or is it better to leave it to the professionals?
Should you take a do-it-yourself approach to making your will - or is it better to leave it to the professionals?
If you were to suddenly come into a large amount of money, what would you do first? We debunked 4 common myths about what you 'should' do.
Let’s get something out in the open: The phrase “estate planning” is somewhat of a lie. It’s a misnomer – it implies you have to be as wealthy as Scrooge McDuck to make plans for your money and your health. That’s simply not true. No matter where you are in your life – just starting out, a couple years into your career or planning for retirement – you can and should have an estate plan.
If your family includes someone dealing with disabilities, financial planning should be a key to handling these challenges. Your insurance needs take on a greater breadth, while estate planning documents, such as wills, trusts, and powers of attorney, are crucial for ensuring their needs are met when you can no longer be there for them.
