A Guide to Estate Planning Software
There are tons of available options for those who like to prepare estate plan using legal software or online legal software system. The truth is, there are well known personalities who are even selling legal software products at local bookstores. Other services over the internet are even interviewing clients at first before providing a trust or will.
Obviously, there are benefits as well as drawbacks to using such system when you are preparing a trust or will. You have to consider the costs and benefits of buying legal software CD from local bookstore before investing your hard earned money on it.
Number 1. Start cost is lower – to use a legal software system, what you need is simply a computer, printer and a bit of your time. Average startup cost for online software or legal service from the bookstore is a lot lower compared to the cost being charged by legal professionals.
Number 2. You can save time – needless to say, the benefit of time saving varies from different clients. The main reason for this is that, if you are working slow on computer, the time savings are going to be less or even non existent. If you are fast on the other hand, then there’ll be more chances of saving time.
Number 3. You do not need to deal with any consequences – this is a bit strange benefit of utilizing estate planning software but it’s the reality. There are lots of people who simply don’t care on the potential consequences, it’s the heir who needs to handle the situation.
Number 4. You are going to get more privacy – when you hire a lawyer, you are required to open up in order for them to write your will effectively. There are a lot of people who detest revealing personal and private information to someone they don’t know, which is totally understandable.
Number 5. You are in control – there are some who like to feel empowered and in control using online estate planning software instead of hiring a lawyer.
Now just a few words of caution, when using estate planning software online, you have to deal with everything in great care. Because the process is more like a DIY approach, the chances of making errors are higher and the mistakes committed can be costly that it can lead to other problems in the end. For this reason, it is advisable if you spend more time reading everything. But so long as everything is well-thought and have planned things out from start to finish, you will do fine and things fall into their place as what expected.
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