Preparing
estate planning documents without the benefit of a legal opinion may result in unintended consequences that may be costly to correct in the future.
Not exact matches
For example, a Heritage Foundation
document titled «Time to Repeal Federal Death Taxes: The Nightmare of the American Dream» emphasizes stories that rarely, if ever, happen in real life: «Small - business owners, particularly minority owners, suffer anxious moments wondering whether the businesses they hope to hand down to their children will be destroyed by the death tax bill,... Women whose children are grown struggle to find ways to re-enter the work force
without upsetting the family's
estate tax avoidance
plan.»
Your will plays a big part, but a complete
estate plan includes other
documents, like a power of attorney that lets a family member make financial and medical decisions on your behalf, or a living trust to provide for your children
without the hassles of probate court.
In my experience, the vast majority of clients engage in
estate planning to gain a sense of reassurance that their family will be cared for after their death in the manner that the client thinks is most appropriate, to pay for
documents to be prepared
without receiving the benefit of legal advice may undermine the entire purpose of the
planning in the first place.
Good
estate planning doesn't happen
without an engaged client who can obtain and share the
documents necessary for the attorney to do their job.