Generative artificial intelligence (AI) is a technology that can generate text, images, and other content based on a user’s prompt or question. Programs such as Apple Intelligence and ChatGPT have made this technology widely accessible, allowing users to obtain information on a wide range of topics in a matter of seconds.
As these tools become increasingly popular, individuals may wonder if they can rely on AI to create an estate plan. While AI can be an educational source, it should not be a substitute for a comprehensive estate plan prepared by an experienced attorney.
What Can AI Tools Do?
AI can provide general information about documents such as Wills, Trusts, Powers of Attorney, and Healthcare Directives.
AI can help:
- Understand basic estate planning terminology
- Identify common planning goals
- Generate questions to discuss with an attorney
While AI can serve as a helpful starting point, estate planning is far more complex than simply generating documents.
Estate Planning is Not a One-Size Fits All
Every family has unique circumstances, assets, goals, and concerns that require individualized attention. AI-generated documents are often based on templates and information provided by the user. While these documents may appear complete, they may overlook important considerations that are necessary to develop an estate plan tailored to your specific needs.
AI May Not Understand State-Specific Requirements
The greatest limitation of AI is that it can only respond to the information that it is given. Unlike an experienced attorney, AI can not learn about your family dynamics, identify potential concerns, or recognize issues you may not have considered.
For Example:
- Have you chosen the right executor, trustee, or agent?
- Have you considered the tax implications of your estate?
- Have you considered the needs of minor or disabled beneficiaries or those who are not good money managers?
- Have you properly funded your trust?
An experienced attorney can help identify these issues and develop solutions tailored to your goals.
A Document Is Only as Good as Its Drafting
Unclear or improperly drafted documents can create confusion, delays, and family disputes. Vague language, inconsistencies, or missing provisions may lead beneficiaries to disagree about your intentions. In some cases, family members may contest the validity of a will or trust resulting in costly legal fees and court proceedings.
Use AI As a Tool, Not a Substitute
AI can be a resource for learning about estate planning and preparing for conversations with an attorney. It can help you become more informed and organized before beginning the planning process. However, it should not be viewed as a substitute for personalized legal advice. Estate planning requires careful analysis, professional judgment, and documents tailored to your specific needs and goals.
Whether you are creating your first estate plan or reviewing an existing one, working with an experienced attorney can help ensure your wishes are properly documented and your loved ones are protected. Contact our office to learn more, we are a phone call or email away!
