How Professional Help Matters in Estate Planning
Jerry Guttman has been working as a financial advisor for about four decades, accruing a varied client portfolio. As the CEO of an independent financial advisory and management organization, Total Living Plan, Jerry Guttman also helps clients set up their estate plans, prepare for retirement, and provide stability for their successors.
Estate planning can be a challenging process, and many online options and tips can tempt high-income individuals or families into going the DIY (do-it-yourself) route. One of the temptations is avoiding the cost associated with professional services. However, there are few risks that need to be considered.
Wills carry significant weight in estate planning. This legal directive provides successors with exact instructions on how the wealth will be bequeathed. While a DIY will can work well for one or two successors, a large estate can have numerous challenges.
A professional advisor can produce and update a will knowing all legalities and keeping the owner’s best interests in mind. Going the DIY route leaves owners open to making mistakes due to not understanding the letter of the law, and the legalities of fixing errors can also cost more than the help of a professional advisor.
