Find Out Why Do-it-Yourself Wills Can Be Costly in the Long Run

Pitfalls of Do-it-Yourself Wills

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Many people bypass a lawyer to prepare their Will. If you are considering preparing a Will without the help of an Estate Planning attorney, please consider the following facts before you make your decision.

Let’s Start at the Beginning. What is a Will?

Wills are legal documents that provide for how you want your assets to be distributed when you pass away. Usually, Wills are prepared with the assistance of qualified Estate Planning attorneys; however, some use Do-It-Yourself Will kits to save money. When it comes to the matter of your estate, you might want to think twice before cutting some corners.

When it comes right down to it, Do-It-Yourself Wills are risky. Wills require some legal formalities, and must adhere to state laws before being considered valid. Fill out that form incorrectly, and your loved ones will be left to clean up the mess. Some common consequences of Do-It-Yourself Wills include:

  1. A delay in the closing of your estate. In extreme cases, they can render your Will void
  2. People often forget to update or change their own Wills when things change in their lives, like divorce. Without a professional attorney to remind you of this, a death can occur with the deceased leaving behind an outdated Will
  3. Wills are often just one step in a good estate plan. Those using Do-It-Yourself Wills fail to receive the advice of a good estate planner who can offer a more complete estate plan that will save on probate costs, be easier to administer, and reduce estate taxes

Download our free report “Dangers of Do-It-Yourself Wills and Living Trusts.” In this report, we go over:

  • A detailed definition of Wills
  • How to make sure heirs only receive inheritances when they are ready
  • The correct way of preparing a Will for children with special needs and children from previous marriages
  • How to preserve your legacy through Estate Planning

You might think that a Do-It-Yourself Will is more cost effective; however, the price your family pays with mistakes that can happen is probably more than what you’ve bargained for.

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