Two thirds of Americans do not have a last will and testament or a revocable living trust. According to statistics, most Americans have failed to take the necessary steps to protect themselves, their families and their property through proper estate planning. Experts argue that the reason why few people do anything about estate planning is because the subject is not unpleasant. Others argue that it is due to the distrust attributed to attorneys. However, most views coincide and agree that the main reason why people fail to do estate planning is because of the hassle, inconvenience and especially the excessive attorney costs.
A Boston Lawyer, David Ensley, says that one can prepare their own will. “Your ability to handle legal matters by yourself of course depends on your level of education, level of sophistication as well as your understanding of the subject. If you want to prepare a last will and testament where there is little or no real assets or property involved, you can find these forms at online websites at reasonable prices”.
People nowadays can get from websites reliable forms to handle these simple legal matters such as a living trust, bankruptcy, landlord and tenants agreements, power of attorney, buying and selling deals, loan repayment and other legal matters such as estate planning. “You should seek legal counsel for serious legal issues” Ensley says.
Action Steps
The best contacts and resources to help you get it done
Porper Steps to take when you have decided to prepare your will:
1. Download your will
2. Property: Make a calculation of what you own
3. Beneficiaries: Name your Beneficiaries (Those who will receive your property)
4. Executor: Name your Executor (someone you trust to handle your will and affairs)
5. Guardian: If you have children, choose a Guardian for them. That will be someone you trust and know can take care of your children.
6. Finalizing: Sign your will in front of witnesses (usually two) and store your will in a safe place.
I recommend: Last Will and Testament from LastTestamentWill.com which is one of the leading specialized online providers of estate planning forms.
They provide state specific last will and testament and other estate planning forms such as living wills and living trusts.
Tips & Tactics
Helpful advice for making the most of this Guide
- Browse the LastTestamentWill.com website as well as visit the competition (example: LegalZoom.com) for comparison purposes and to give yourself an idea of what each provider offers.