New startups aim to make apps and online services more prevalent in the estate planning world.
Despite the latest technology in the world becoming more popular and more common, end-of-life and estate planning through apps and online services have not moved to the forefront. New start-ups are hoping to bring about change, according to The New York Times in "Start-Ups for the End of Life."
One app that is discussed allows people to get a customized estate plan supposedly tailored to their state laws. A user reported that she compared the will the app gave her to one her parents had an attorney draft and it looked the same.
Looks can be deceiving.
As with downloadable will forms available from some websites, an estate plan created by an app might not be the best estate plan for everyone's needs and it is only valid if it is properly executed. If things are not done precisely right, any money saved by using the app will be much less than money spent trying to fix any problems in probate or otherwise.
The best way to get an estate plan is to hire an experienced estate planning attorney.
An estate planning attorney can guide you through an estate plan that is not only legally valid but meets your unique needs.
Reference: New York Times (Nov. 2, 2016) "Holding Vacation Homes in Trust."