Estate planning advice from attorney

There is an old television commercial tag line that said “you can either pay now or pay later”. The “pay now” approach to estate planning means preparing in advance for a physical or mental incapacity and the disposition of your estate at death. The “pay later” approach means being unprepared by doing nothing or underprepared by relying on out-of-date or “do it yourself” documents which will force your loved ones to react to situations that happen. I always advise my clients that they have the same choice. The choice is between having an estate planning attorney draft the appropriate legal documents at a flat fee or paying substantially more in hourly fees to react to an incapacity or death in the family. Worse yet, if there is no plan or a bad plan in place it might cause family discord, disinheritance or wasting of assets.

 Read more: http://www.greenbaypressgazette.com/story/money/2016/08/01/estate-planning-pay-now-pay-later/87909276/