Thinking about having AI create your estate plan?
Food for thought
Artificial intelligence, or AI, has worked itself into almost every industry. The legal realm is no different.
On the surface AI is great. Questions have almost instant answers. Feedback is thorough with, sometimes, multiple sources.
Thoughts. Ideas. All there.
A scroll through an AI chat lines up a ton of information on creating an estate plan. What documents you may or may not need. It also suggests a process to follow.
Time saver. All good, right?
What AI does not do is get much beyond rudimentary information. What happens if your situation, needs, or goals are not “basic”?
What should you do if you have multiple properties? What if those properties are in different states? Are those business interests? How would all of that tie into your personalized estate plan?
Is there more? Of course. There always is.
AI can only give you the information on questions you know to ask. Many people, do not know the questions they have or what to ask to get the proper plan to protect their family.
What is important is getting the personalized plan that meets your needs and goals. That is why a strategic approach with an attorney is so critical. Most people do not need “basic”.
It is the strategy behind the plan that matters, not just the actual documents, which is why working with an estate planning attorney is important.
An experienced estate planning attorney will know the right questions to ask and what information is critical to your situation.
Most importantly, an attorney has the knowledge and has the latest tools to make your plan compliant with state laws. AI can not say the same.
Log into AI chat for the first time and you will likely read something along the lines “the information provided may not be correct”.
Would you want to take a chance that your estate plan with AI is not correct?
Doing so may leave your loved ones unprotected, your wishes unfulfilled, and your plan in probate limbo.
To learn more about the essential estate planning documents every adult should have and how a licensed attorney can help guide you please visit www.thevaillncourtlawfirm.com