Wednesday, February 10, 2010

Former Chief Justice - Relying on do-it-yourself documents


It is important, for everyone, to have a will prepared by an experienced estate planning attorney. Your life's assets are too important to try to do it yourself. Whether you are a rocket scientist, brain surgeon or Chief Justice of the Supreme Court, you need someone with estate planning expertise to get the job done, right.
Chief Justice Warren Burger died in 1995 with a $1.8 million estate and a one page will that he drafted up himself. As a result, his family paid estate taxes that could have been avoided if properly planned. Further, his executors had to pay to go to court to get approval to complete administrative acts, such as selling real estate, that typically a well-drafted will would have allowed without court approval.
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