Dylan Stevens on What to Do If You Can’t Afford a Lawyer For Estate Planning

Dylan Stevens’ insights were recently featured in a U.S. News & World Report article titled “Can’t Afford a Lawyer for Estate Planning? Do This Instead“. The article focuses on what resources are available to those who are unable to afford an estate planning attorney.

“One of the most effective cost-saving measures an individual can take for their estate plan is to designate beneficiaries (sometimes referred to as TOD/Transfer on Death or POD/Payable on Death) on their retirement accounts, brokerage accounts, life insurance policies, etc.,” says Dylan Stevens, an associate attorney at Cona Elder Law in New York.

Stevens explains how this low-cost estate planning move can be a huge money-saver: “This allows those assets to pass to the named beneficiary or beneficiaries immediately upon the asset owner’s death, without the need for probate of a will or other court involvement.”