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Can I draw up a will or living trust on my own?

Yes, you can. Many people draw up their own wills or family trusts, but since there are many legal aspects involved, you may want to consider getting professional help from an attorney on matters of such importance. Each state has it's own laws regulating taxes on estates, gifts, and inheritances, and you want to make sure that you are acting within the laws that apply to you and your beneficiaries.