There is a growing trend for a lot of individuals and indeed families to avail of the ever convenient many legal services which offer "stress-free" trust packages with a price tag hard to turn down. These cost-effective services can be wonderful for those who are not of high net worth, who do not need tax planning, who do not have children or large family and indeed whose situation could be described as “straightforward”. For those individuals and indeed families whose situations cannot be described as “straightforward”, or indeed if there is a large family with many different personalities to cater for, or indeed large wealth, these trust packages oftentimes do not render the thoughtful estate planning necessary to provide you with peace of mind for the future. The issue is that, by it’s nature, a lot of legal services where no attorney-client relationship is established, the detailed questions necessary to get the full picture of an individual/family looking for estate planning are not asked. Estate Planning requires a lot of work from both sides, the drafter and the individual/couple. Estate Planning is a process which requires effort, diligence and thought, in order for a comprehensive plan to be drawn out, tailor made for specific individual/family situations.
Oftentimes people have a misconceived notion that merely hiring an attorney or indeed signing on to online legal services is the most effort involved in this process. The attorney can only shape your estate plan based on the information you provide. If you have already in place an estate plan and you do not recall being asked specific questions about your personal circumstances, the chances are the drafter did not have a good idea as to your circumstance and you should have a good hard look at your estate plan. Perhaps it has been a few years since you had the estate plan put together, in which case having a look at your estate plan is necessary anyways.
Estate Planning takes effort. It may seem like a hassle in the short-term, like many other diligent life steps (life insurance, buying a home etc.) however once completed and once completed correctly, your family will have a road map, a legacy, because you chose to put effort into your estate plan.