DO NOT CREATE YOUR OWN ESTATE PLAN.
With today’s technology, there are many programs that allow us to create quick and cheap estate plans. Considering how busy the majority of us currently are, that sounds like a dream come true. WRONG.
The truth is, if you do not communicate with an Elder Law & Estate Planning attorney when creating your estate plan, you are only doing yourself a disservice. In fact, you are potentially risking losing everything.
The world of Elder Law is very complicated. There is a lot of lingo and terminology that takes years of practice to fully understand. The word income, for example, has a completely different meaning when it comes to different areas of the law. So, if you do not understand Elder Law, how would you even begin to approach assessing your income when it comes to your estate plan? If you attempt to create your own estate plan, the simplest misunderstanding or forgotten detail can cost you thousands of dollars, if not more. The bottom line is, the only way to ensure your safety is to create an estate plan with an Elder Law & Estate Planning attorney.
You wouldn’t trust somebody without a medical degree to operate on you. Why would you trust anybody but an Elder Law & Estate Planning attorney to handle your estate plan?
-Anthony B. Ferraro