Learning from experience
As a wills and estate lawyer, I often have clients who want to do their estate planning, but don’t want to spend the money on everything I recommend. Fair enough. Money can be tight and planning your beneficiaries is something that a lot of people feel they can push off.
As the Baby Boomer generation ages and passes on their accumulated wealth, what some are calling the ‘biggest wealth transfer in history’ is underway.
A nightmare for parents: what happens if they pass away before their children are grown and capable of caring for themselves? While nothing can replace a mother or father, addressing this concern is one of the most important reasons to prepare a will.
In a traditional law practice, someone looking to retain a lawyer would go into that lawyer’s office, meet with them and, if happy with that lawyer, retain them to provide services. This model hasn’t changed much for the last few centuries.
Planning for the future and ensuring your loved ones are taken care of is an important responsibility. It can also be stressful and time consuming. Online wills have emerged as a convenient and accessible tool that does away with some of the barriers of traditional estate planning.
