This is the final installment of the Wills vs. Trusts series and it is clear that Oregon probate law can be ruthless to those who do not create a written estate plan. It also imposes serious impacts if clients do not create an estate plan that is right for them.
The right estate plan for you may involve a will, trust or a combination of both. This overview generally addresses who needs a will and those who require a trust.
The availability of online legal document services (like LegalZoom and Rocket Lawyer) produces a false sense of security. Many people gain the impression that drafting a will, creating a trust or starting probate is a fun do-it-yourself project that saves money and yields desirable results without attorney involvement.
In reality, the best service offered by these sites is general information. They do not offer insight on unique situations or provide continuing support. Rocket Lawyer, for example, allows online consultations with attorneys but this contact does not create an attorney-client relationship. You are not guaranteed representation if plans fail to work out.
The desire to create your own estate plan shows a lack of understanding of what estate lawyers do in Washington, Multnomah, Marion and Clackamas counties. If you have children, own real estate or maintain a stock portfolio, you definitely need to hire an attorney who specializes in wills, trusts, and probate. Even if you do not fall under these categories, hiring an estate planning attorney in West Linn, OR provides advantages and peace of mind. Here are four reasons to avoid placing estate planning among your do-it-yourself projects.