Oklahoma Estate Planning Myths: I can do my own estate plan

From the series Oklahoma Planning Myths . . .

MYTH: I can do my own estate plan.

FACT: I wouldn’t advise it and I give a compelling example of why in this post.
Many do-it-yourself software programs (many found online) allow you to create your own documents. However, estate planning is more than just creating a form document. You cannot create an effective document without understanding how it will work at the time it is needed most. Trusts drafted and administered through internet forms are a leading cause of trust and probate litigation. Money spent securing good documents now will save your family a significant amount of money in the future. Finally, every family should work to develop a long term relationship with a local attorney. You never know when you may need legal services of one kind or another and your family attorney can frequently help you or can refer you to another reputable attorney.

For other information on estate planning, including a podcast called “Estate Planning Demystified” check out my Oklahoma Estate Planning page.

This material was adapted from the firm Tellie Coleman, attorneys at law. Tellie & Coleman has an excellent website with some great resource material.

Posted by Shawn Roberts

I write about and try to answer practical Oklahoma legal questions. I tend to focus on estate planning and business issues. I make a living as an attorney working for Resolution Legal Group in Oklahoma City. I am husband to Amy and the father of Sam and David. We live exactly in the path where the "wind comes sweeping down the plains."