The Hidden Dangers of DIY Estate Planning—Are You at Risk?

Sep 9, 2024
Categories
Estate Planning

Imagine this scenario: You’ve completed your DIY estate plan, feeling confident that you’ve protected your loved ones from probate and its associated headaches. But months or even years later, your family finds themselves unexpectedly entangled in the probate court process—exactly what you were trying to avoid. How could this happen? DIY estate planning often misses crucial legal steps that, if not handled correctly, automatically trigger probate. Whether it’s failing to transfer assets into a trust, overlooking specific legal requirements, or simply not addressing state-specific laws, these seemingly small oversights can have huge consequences. Without the careful review of an attorney, your estate plan might not have the airtight protection you intended, leaving your family to face the time-consuming and costly ordeal of probate.

The Hidden Dangers of DIY Estate Planning—Are You at Risk? | AmeriEstate Legal Plan

The Illusion of Expertise

Think about navigating the complex world of legal documents without a map. Most DIY estate planning platforms leave you in this very situation. These platforms rarely have licensed attorneys available, leaving you to rely on customer service reps who can’t offer legal advice. Without the guidance of a knowledgeable attorney, your estate plan may not be built to withstand the complexities of real life. The result? Your assets might not be as protected as you think.

Cookie-Cutter Customization

Imagine going to a tailor, only to receive an off-the-rack suit that barely fits. DIY platforms often promise “customized” documents, but the reality is far less personal. The software may plug in your name and address, but it can’t adjust for the nuances of your situation—those unique circumstances that make your estate plan truly yours. What seems like a good fit at first glance may leave you exposed to serious legal oversights later on.

The False Sense of Security

You’ve finished your DIY estate plan, and you breathe a sigh of relief, thinking your affairs are in order. But what if that sense of security is just an illusion? These plans often fail to account for complex legal scenarios or changes in the law, leaving you and your family vulnerable to unexpected complications down the road. It’s like thinking your home is secure, only to find out you’ve left the back door wide open.

The Hidden Price Tag

What begins as a budget-friendly option can quickly turn costly. DIY platforms often reel you in with low upfront fees but then surprise you with additional charges for essential documents or services. Suddenly, your “affordable” plan is more expensive than you expected, and still not as comprehensive as it needs to be.

The Missing Attorney’s Eyes

Picture trying to complete a jigsaw puzzle without ever seeing the picture on the box. That’s what you risk when your estate plan goes without attorney review. DIY services often skip this crucial step, meaning no experienced legal professional is there to catch mistakes or omissions. Even worse, these platforms may leave out essential steps like recording deeds or notarizing documents, making your estate plan incomplete—or even invalid.

The stakes are simply too high to leave your estate plan to chance. At AmeriEstate, we know that estate planning is more than just filling out forms—it’s about protecting your family’s future with the care and precision that only a licensed attorney can provide. Let us help you create a plan that truly fits your needs, with no hidden costs, no shortcuts, and no unpleasant surprises.

A Real-Life Cautionary Tale

Consider the case of a prominent DIY estate planning company that became the target of a class action lawsuit in California. The lawsuit was filed by the executor of her late uncle's estate, who had used the company’s services to create a will and living trust. Despite believing that the documents were legally binding, financial institutions refused to accept them when it came time to settle the estate.

Frustrated and unable to get help from the company's customer service, the executor was forced to hire an attorney to resolve the issues, incurring significant additional costs. The lawsuit accused the company of deceptive business practices, misleading customers into believing their documents were equivalent to those prepared by an attorney, and allowing unlicensed representatives to provide legal advice. This case represents over 3,000 individuals who used the company's services.

Estate planning is too important to leave to chance. At AmeriEstate, we go beyond just filling out forms. Here’s why our service stands out:

Your estate plan will be created with the direct involvement of a licensed attorney, ensuring that your documents are legally sound and fully tailored to your unique needs.

We provide all the essential documents and services as part of our estate plan packages, with no hidden fees.

Click here to schedule a free phone consultation today or call 800-235-0963: https://tidycal.com/virginiaameriestate/estate-plan-15