Why ‘simple’ doesn’t work for estate plans

Whether you’re looking for new restaurants to try or wondering about that rash on your arm, most people’s first instinct these days is to turn to Google. But while searching online can be a great way to find your new favorite sushi spot, the law doesn’t work that way.

The truth is that online cookie-cutter estate planning solutions are fine for cookie-cutter lives – but who has one of those? Self-serve legal forms simplify life issues in a concise way, but the issues surrounding special needs and elder care law aren’t that simple. Most people have complexities that require the attention of someone who knows exactly what they’re doing.

Working with a lawyer can not only save you money in the long run, but provide peace of mind that you can’t put a price on.

For example, Generation Law recently worked with someone setting up a special needs trust for a relative with psychological disorders who was able to live on his own. The relative inherited money, which needed to be placed into a new special needs trust. Because of the man’s circumstances, conditions and financial needs, however, the person assisting him needed a complex solution that wasn’t available through a digital legal service.

We knew that the best practical solution was choosing a trustee who was not a family member, since picking a family member could create disagreements and possible future litigation. With our background in special needs trusts planning and experience with beneficiaries with unique situations, we recommended a special corporate trustee to handle the situation.

Since this type of advice is not readily available on the internet, a legal professional that deals with these complex scenarios on a regular basis will always be your best resource. Need help with your own special needs planning? Get in touch anytime.