Pros & Cons of Living Trusts Software
- One of the primary advantages of using this kind of software is that it can save you money. For a good piece of living trust software, you can spend $40 or $50 in most cases. By comparison, it could cost you over $1000 to hire an estate planning attorney for the job. If you feel like you can do the job by yourself, this can save you a considerable amount of money.
- Another benefit of using this kind of software is that it is more convenient than working with a lawyer. When you work with a lawyer to create your living trust, you will most likely have to have several meetings with him. This will take time out of your busy schedule to get ready to go to the lawyer's office to complete the process. Instead of going this route, you can use a piece of software on your home computer and work at your own pace.
- While you can create a living trust by following the prompts on your software program, some people feel that it is too complex to do alone. When you use this kind of software to create a living trust, you will have to understand the basic process of creating a living trust. Depending on how good the software is, you may have to do your own research to find out how to complete the process. Before buying a piece of software, you need to find out what it offers so that it can provide you with the information you need.
- Even though you can work on your own schedule with the software, it usually still takes some time to complete the process. Creating a living trust is a time-consuming activity and you may not have the patience to do it all by yourself. When you hire a lawyer, it will take some input from you to complete the process, but the lawyer is addressing the complicated aspects of it behind the scenes. If you do not have a lot of extra time, software may not be your best option.
Save Money
Convenience
Complexity
Time Consuming
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