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The Danger of Do-It-Yourself Wills and Living Trusts

By Kristina R Haymes

Here is what you need to know if you have been tempted or, if like me (before my current profession) have attempted to prepare your own will, trust, or other estate planning documents. Buyer Beware — you get what you pay for. There are many potential problems with on-line wills and trusts, but I am only going to discuss the top 3… In California, having just a will guarantees your loved ones go through probate!  Many people are shocked to discover that having a will guarantees their loved ones must go through the court process known as “probate.”  Yet, it’s true, if all you have is a will and you die, your loved ones will need “to prove” your will is valid and then the long, drawn out, expensive probate process begins…  Your Living Trust Is Not Fully Funded...continue to full post

Full post as published by Mediation Marketing Tips on May 05, 2010 (boomark / email).