Dangers of Online Estate Planning

The Internet is full of websites that sell downloads and worksheets that will produce generic legal documents. They offer legal documents of all kinds, including things like wills and trusts. Can anyone with a computer create an effective estate plan using DIY tools that are being offered online? Consumer Reports Study The highly respected magazine Consumer Reports was wondering about this question back in 2012. They decided to find an answer. Consumer Reports staffers went online, and they identified three of the most popular purveyors of do-it-yourself legal documents. They created last wills using downloads and worksheets that they got from these three websites. Three prominent legal professors were engaged to examine these do-it-yourself last wills. They came away with some rather telling criticisms. Ultimately, they said that unintended negative consequences could come about if the average layperson was to use one of these do-it-yourself (DIY) solutions to create a last will.
http://www.norcalplanners.com/blog/estate-planning/dangers-online-estate-planning/

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One thought on “Dangers of Online Estate Planning

  1. Reblogged this on Penny M and commented:
    There are limits to what technology should be allowed to do for you. Sometimes free is not fair. Death calls for careful planning. Consult a professional who cares.

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