The Washington Estate Planning Blog

Law Offices of David Ravi Sitlani: Helping couples, families, and individuals understand the ins and outs of estate planning in Washington State.

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    Law Offices of David Ravi Sitlani, PLLC

    Seattle Office:
    1001 Fourth Avenue
    Suite 3200
    Seattle, WA 98154

    Redmond Office:
    8201 164th Avenue NE
    Suite 200
    Redmond, WA 98052

    Phone: (206) 267-8777
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Archive for September, 2009

Interesting Article on Estate Planning

Posted by sitlanilaw on September 3, 2009

Every now and then I stumble upon interesting article on Estate Planning.  This article at Forbes.com discusses some of the basics on Estate Planning in a way that is both helpful and easy to understand.  While this article is geared towards women it really provides information about Estate Planning that all of us can benefit from.  Not only that, it gives you something to think about before you meet with your attorney to discuss your estate planning needs.  I hope you find this article useful!

-David

Your Go-To Guide to Estate Planning:

http://www.forbes.com/2009/09/02/estate-financial-planning-forbes-woman-net-worth-guide.html

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The Pitfalls of Do-It-Yourself Estate Planning

Posted by sitlanilaw on September 2, 2009

In the current economy, many individuals are considering DIY, or do-it-yourself, Estate Planning.  While this is certainly a way in which an individual can save some money there are certainly some pitfalls associated with drafting your own Estate Planning documents.  Below I will discuss two of the main reasons why DIY Estate Planning is risky.

For one, the legal profession has its peculiarities, nuances and, of course very particular laws that must be followed.  Lawyers are trained to navigate these rules for their clients to ensure that their clients’ needs are met.  In the case of drafting wills, trusts or other Estate Planning documents there are a number of formalities that must be followed to ensure that the document will be respected by the court.  If certain rules or formalities are not met then it is possible that a will or other Estate Planning document could be challenged in court.  If a challenge occurs then it is possible that the Estate and assets will not be distributed as intended.

Of course the formality of drafting documents is only one of the issues.  Another issue deals with objectivity.  For example, when I meet with clients and develop an estate plan I go through a detailed process to determine the Estate Planning needs of my client.  Oftentimes it is through this process that a client and I discover an issue regarding a client’s Estate Plan that the client never considered.  I believe that an attorney’s objectivity and thorough questioning is an important step in the Estate Planning process that the Do-It-Yourselfer may not go through.

The goal with Estate Planning is to ensure that your needs are met, that your family will be provided for in the event of your death, and that, when the process is complete, you not only have a good understanding of the Estate Planning documents that have been put in place, but that through the process you have peace of mind that you have protected your family.

The above information is not intended to provide the reader with any legal advice.  Please contact an attorney licensed to practice in your state with any legal questions. Using this blog does not create an attorney client relationship between you and The Law Offices of David Ravi Sitlani.

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