So, you're thinking about doing your estate plan, but where should you begin?
An estate plan can be simple to draw up, if your estate is simple and includes few assets. But if you have a more complex estate, things can get tricky.
For the purpose of this discussion, we'll talk about more simple estates. Here are three ways to start your estate planning:
1. Use online forms.
It's a good idea to do some online research prior to using an online template. For example, FindLaw.com's Estate Planning Center links you to in-depth articles about topics such as wills, trusts, and choosing an estate administrator. FindLaw's free Guide to Estate Planning also provides a concise summary of what you need to know. Try to get a good idea of all the documents you will need to get drafted.
An Internet search can also turn up some good fill-in-the-blank estate planning forms. Keep in mind, these will typically be very basic, and may not be tailored to your specific needs.
2. Consult an estate planning lawyer. If your estate is more complicated or if you find that you need more help than the online tools, then call a New York estate planning lawyer and see if you can get a free consult. You don't have to go with the first lawyer you find. Talk to a few before making a decision.
3. Use a prepaid legal service. The beauty of a prepaid legal service is that with some plans, you have access to hundreds of free forms along with access to an on-call lawyer. That's certainly the case with LegalStreet, which costs just $12.50 a month on average. LegalStreet plans also include a lawyer-drafted will, and a free yearly review of your will, among other legal services.
If you want to plan your estate, you have many options. Check out our related resources links for more information to figure out the best way for you to plan your estate.
Disclosure: LegalStreet and FindLaw.com are owned by the same company.