you don't even know what you don't know. That is the absolute most common issue in my experience.But for most people it is a bad financial decision and you can get the same advice elsewhere for a tiny fraction of the cost. And this brings me back to my comment above, if you don't know about it, you are not going to get advice elsewhere, regardless of any savings.Don't make the faulty assumption that people will do this on their own.I can count on my two hands the number of people (minus those that already had a trust) that already had a POA, will, and medical POA when I met them. The overwhelming vast majority had never thought about it - or if they thought about it, never did anything about it.Now, I don't create those documents for clients. I tell them to go to legalzoom.com, use Quicken Willmaker, or if they must, visit their family atty (assuming they have one). I receive no compensation by giving them that advice - it is a "comes with" service for any compensated advice I might give.Same goes for those I assist with social security maximization. I don't charge for that service. People can certainly do such on their own but I've yet met a SINGLE PERSON that fully understood their options with regard to SS (minus the small number of people that were not qualified for SS).Our education system has completely failed us as it pertains to financial education. I would rather there be no need for anyone to seek advice. I would rather everyone have all the knowledge and desire to manage their own financial affairs and that it was easy for people to do so - we would be a much better country and world if that were the case but we are no where close to that.
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