Heads Up: Estate Planning
Posted by: Bruce Lefavi in investment on
Jun 5, 2009
The problem with estate planning attorneys is that there is very little recourse for victims of excess legal fees, or shady practices by unethical lawyers. Why, you ask? Well, you are dead! A good estate planner will work himself out of the process so that, after your death, your assets are handled properly, without any additional legal services. However, this is not always the case. Many attorneys choose to incorporate themselves back into the process, so that they are able to charge you more. The more services they can provide, the more money they make and the less there is to pass on. In addition to costing more in legal fees, these extra services tend to drag the process out, delaying the distribution of your assets to your benefactors.
Although some states have pools to reimburse victims of shady lawyers, it is hard to establish proof that their actions are malicious - after all they are attorneys! Some cases are so blatantly obvious, with attorneys stealing tens of millions of dollars, by charging for excess services, yet no one went to jail, and no one lost as much as their license. They really are the worst of the bad lot!
Fortunately there are a number of better options available. Meeting with a reputable financial planner is always a good idea. For example, you may wonder if your circumstances are better served by a will and trust, or merely a will. Remember, every situation is different. Find a trusted expert, and evaluate your options. This will allow you to make the best possible decisions.
To help get you started, I recommend logging into my website and downloading Bruce's Best: Estate Planning Tips, or you can always call us at 1-866-702-7823. Our experts can help make the process easier on you and your loved ones. After all, none of us are getting out of this alive, so you'd better be prepared!
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