Why You Shouldn’t Write Your Own Will
Having a proper will in place can ensure your final wishes are carried out and that your family members are taken care of. However, you shouldn’t attempt to write your will by yourself. Although there are plenty of DIY will software programs available, you should think twice about using them. Wills are complicated legal documents and it’s easy to make mistakes if you don’t have a legal background.
Here are some reasons to avoid writing your own will.
You Might Not Think About Alternate Scenarios
Life doesn’t always work out the way you expect it to. For example, many parents assume their children will outlive them and leave their property to them. Unfortunately, however, some children die before their parents do. That’s why it’s important to consider alternate scenarios when writing your will. An experienced estate planning lawyer will talk about some alternate scenarios with you and help you address them.
You Might Not Understand Certain Legal Terms
If you don’t have a legal background, certain legal terms can be really confusing. If you attempt to write your own will through a software program, you might come across some terms that you don’t understand. This can cause you to make errors on your will that could render it invalid. If you work with an estate planning lawyer, he or she will explain all the legal terms and help you avoid making mistakes.
You Might Select the Wrong Executor
The executor is the person responsible for ensuring your wishes are carried out and distributing your assets to the proper heirs. That’s why it’s important to be selective. Don’t name your sibling or best friend, for example, if he or she doesn’t have good relationships with the beneficiaries. An estate planning lawyer can help you choose the proper executor of your will.
You May Miss Important Tax Planning Strategies
Considering tax issues is an essential part of estate planning. If you draft your own will without knowledge of tax implications, you could cost yourself and loved ones more money. An estate planning lawyer can explain these tax implications and help you save more money in the future.
You May Deal With Outdated Forms
Forms for wills online might not reflect recent changes in legal requirements. Estate planning lawyers, on the other hand, stay up-to-date with law changes and will make sure your estate planning documents remain effective.
As you can see, there are many downsides to using DIY will software. If you’re ready to draft a will, schedule a meeting with a reputable estate planning lawyer today.