While you can tackle many aspects of financial planning on your own, estate planning is not one of them.

That’s the conclusion of a story on news.morningstar.com that says while there are do-it-yourself wills and other estate planning tools available on line, the topic is very complicated and the right solution is specific to each individual.

The article also points out that tax laws related to estate planning have also undergone changes in recent years and may change again.

If you are creating or updating an estate plan, it is essential to hire an attorney well versed in the subject, the story says.

Not only can a professional ensure that your assets are distributed and that your health care goes in accordance with your wishes, but he or she can also do it with an eye towards reducing the tax burden on those assets, it notes.

 

MorningStar article

 

If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.

 

 

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