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This article brought to you courtesy of Matt Stutes, CFP of Cornerstone Wealth Management, Canby herald Insider Financial Planning Expert.

Matt Stutes, CFP

Don't Discount YourWill. A self-created last will and testament may lead to problems.

As an early step in estate planning, you may be tempted to write your own will. There are some good reasons why you shouldn't.

While do it yourself wills may be cost effec-tive and make the process of will creation relatively simple, they also have shortcomings.

DIY wills tend toward the basic and generic. The more complex your estate, the more their templates and language may prove insufficient. They are written to comply with laws in all 50 states, but not necessarily

laws specific to your state. Estate tax law, itself, can

vary widely from state to state. (A person who owns

homes or rental property in multiple states, for example,

may be poorly served by a DIY will.)1

Their fine print warns you not to fully trust them. Typically, they contain a disclaimer that tells you to

consult an attorney, stating that the information they

present to you does not represent legal advice.

Write or revise your will with the help of estate

planning professionals. The ex pense is worth it,

especially if your estate is not small.

1TheBalance.com, "Should You Write Your Own Will?"

(May 8, 2017)

Securities and advisory

services offered through

LPL Financial, a registered

investment

advisor. Member

FINRA/SIPC.

The opinions voiced in this material are for

general information only and are not intended

to provide specific advice or recommendations

for any individual. This information is not intended

to be a substitute for individualized

legal advice. Please consult your legal advisor regarding your specific situation.

Cornerstone Wealth Management

486 NW 2nd Avenue

Canby,OR 97013

503-266-7431

www.thecwmgroup.com

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