Create Your Own Legal Documents

Darol May 31, 2022

Artificial Intelligence (AI) can do more for far less

In the past, there were only two ways to obtain the necessary legal documents to transfer your estate, and appoint decision-makers when incapacitated. The first way was to purchase a simple legal form. This method has limited value because a form is unlikely to include the correct provisions to reduce unnecessary state and even federal taxes, protect wealth from high unreimbursed medical care costs, and correctly transfer your estate at death.

The second way is to hire an attorney who, hopefully, has the requisite experience to draft a customized plan for you. There are two disadvantages to this approach. First, attorneys charge thousands of dollars to draft legal documents. Second, attorneys answer questions in one or two hour long meetings. This is not enough to help you understand the plan and correctly implement it.

In the modern age, technology has helped countless industries produce product and services less expensively and, often, with higher quality. Slowly, some have begin to use technology to sell legal documents that are more than just legal forms, e.g., Legal Zoom, Rocket Lawyer, Mama Bear Forms, etc. The disadvantage of these solutions is that they are really just legal forms. They produce legal documents that meet estate transfer and disability planning goals. However, they are conspicuously silent on topics related to tax and Medicaid planning. For a review of one such platform, check out this YouTube Video.

How does BoomX solve these problems?

Lawyers actually do use drafting software to create the legal documents that they sell to their clients. They just do not allow their clients to use the software for monetary reasons. BoomX was founded by an experienced asset protection attorney, Darol Tuttle. Darol coded his own drafting application years ago. This drafting app is a product of decades of experience and, unlike the aforementioned drafting platforms, includes high end solutions to include tax and Medicaid planning. BoomX simply gives you access to the drafting app at prices that are lower than the prices charged by Legal Zoom. Fact check this statement.

Unlike the legal documents sold by attorneys and the drafting platforms, BoomX offers courses that explain the documents and, more importantly, how to use them correctly. BoomX also offers LIVE office hours weekly so that you can get answers to your questions from the developer of the drafting app.

Create a FREE legal document now

A power of attorney for financial decision making, also known as a durable power of attorney, is an important document. A power of attorney is a delegation of decision making authority to a third person and is used primarily for those times when you are your most vulnerable, i.e., illness or disability. Use this link to test drive our drafting app and receive a FREE power of attorney.

Categories: BoomX Academy

Darol

Attorney. Podcster.

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As if on cue, however, the episode does succeed in laying out an investment idea. Really, this idea is an investment method. I first heard of it from a client about a year ago. I keep this method tucked away until the very last moments of the podcast.

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Why Money Is Not Important But Family Wealth is Everything

Law and money share a common characteristic. Neither can be found in the material world. A dollar bill can be touched. However, a one dollar is exactly the same as a one hundred dollar bill except for the number 1 and a picture of Washington as compared to the number 100 and a picture of Franklin on it. The hundred dollar bill represents a much higher degree of some unspoken value but is physically the same as the item that represents far less. What exactly is money? Listen to the answer to this question as posed to an elite wealth attorney, as interviewed by BoomX Show host, Darol Tuttle. The conversation between the two reveals legal secrets that will give you a bigger picture of your wealth.

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Artificial Intelligence (AI) can do more for far less

How does BoomX solve these problems?

Create a FREE legal document now

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