A do-it-yourself spirit is admirable, and there are many projects where DIY planning and work can save you money and even time. Most experts agree that legal matters are not one of those projects. One woman wrote to Bankrate about resources for DIY estate planning. The Bankrate author responded that while there are many opportunities for educating yourself about estate matters online, going without any professional legal assistance might cost more in the end.
Know the steps for administering an estate
When a loved one passes away, there are a lot of things that you have to think about. Some of the things that you will have to do might seem complex. One thing that you should be prepared for is how to handle your loved one's estate. Understanding the very basic steps that you might have to take regarding your loved one's estate might help you to feel more in control as you go through the process.
Special needs trusts serve a special purpose
When you are creating an estate plan, there are sometimes some special considerations that you must take into account. One of these special considerations occurs when you have a dependent who is mentally ill or disabled. Often, a special needs trust is used to ensure that the person with special needs is properly cared for after you pass away.
