One thing you should consider when producing your estate plan is the capacity for conflicts between your household members over your estate and how you can minimize that capacity. Hiring an estate planning lawyer can reduce the capacity for conflict.
If you create your own estate plan from generic documents that you discover online or in a book, you will probably leave a great deal of ambiguities in the plan. For instance, if you say that your 2 kids should each acquire half of your assets, you may be leaving the gray area of what assets each kid’s 50 percent requires. If your children both want the very same piece of property and you want a specific piece of property to go to one, or the other, and you don’t spell it out, they might contest it.
When families battle over inheritances, it can quickly get costly. The difference often winds up in Probate Court with each relative employing a lawyer. Before too long the cash you conserved by not hiring an estate planning attorney is litigated costs and Attorneys’ fees.
Hire a lawyer to draw up your estate plan. The cash you spend now is cash your family saves later on.