On Mar 13, 6:05=A0am, phish <shipleyshap...@googlemail.com> wrote:
=A0I need to rewrite my will and have found out that banks will do this
=A0for less than a quarter charge of a lawyer..
=A0i guess a bank could help figure out tax questions too (ie for
various
accounts) what do you think would be better? a bank or a lawyer?
=A0ie
=A0Is using a bank to write your will a good idea
=A0to do rather than use a lawyer? first, its cheaper to use a bank,
second, perhaps they would be better to advise you on the amount of
tax due on certain accounts (like IRAs)and how to avoid it? any ideas
=A0which is better bank or lawyer?
Banks are good for accepting deposits and loaning out money, AT BEST.
They should not be relied on for any matters regarding financial,
estate, or tax planning.
As a certified financial planner, it has been my experience that the
most screwed up clients I encounter have invariably come from banks.
IMHO, the saying "jack of all trades, master of none" fits no industry
better. More than once I've heard CFPs and CPAs refer to bankers as
"those who couldn't pass the test."
If you want half-assed tax, financial, and estate advice go to a bank.
Otherwise, seek out professionals that are actually experts in those
respective fields. Even if you opt for the bank now, I bet you end up
paying a professional to fix it later.
disclaimer: I think my disdain for banks is probably apparent. Please
know that it stems only from professional experience and not personal
vendetta.
