Do-it-Yourself Wills Can Often Do More Harm than Good

Preparing a Will with a Qualified Estate Planning Attorney is the Best Way to Know that Your Wishes will be Carried Out

Download Your Free Report on Wills Today

What is a Will?

Wills are legal documents that direct how non-trust assets are to be managed and distributed to beneficiaries upon death. Qualified estate attorneys can help you prepare your Will.

Most people have the belief that because they have a Will, their wishes will be carried out as they’ve specified; however, Wills that are laden with mistakes, which are common among home drafted Wills, may be invalidated by a Probate court. The result would be similar to passing away without a Will. It will be the court’s decision how your assets get distributed. That’s why preparing in advance and with the help of an Estate Planning attorney is recommended.

Many choose to forgo hiring an attorney to minimize cost of drafting a Will. An alternative is purchasing a Do-it-Yourself Wills kit. Before considering this option, take a few minutes to understand the downsides of this convenience.

Avoid Do-it-Yourself Wills:

Many people choose Do-it-Yourself Wills in order to save money; however, writing a Will and related Estate Planning documents requires expertise and knowledge, and is not the time to cut costs. An improperly written Will can be disastrous for your estate, your family, and can be costly. If done incorrectly, Do-it-Yourself Wills may be found to be invalid, which could result in your estate assets being administered by a Probate court. Dangers of Do-it-Yourself Wills also include:

  • Failing to provide for periodic updates based on changes in your estate
  • A greater likelihood that your Will might be contested
  • A failure to minimize estate taxes
  • Addressing issues such as asset protection, avoiding probate, liquidity, and successor planning

You can find out more about the dangers of drafting a Will on your own by downloading this Free Report, “Dangers of Do-it-Yourself Wills and Living Trusts.” You’ll learn:

  1. What is a Will
  2. How to provide success-based milestones to heirs
  3. How to continue to provide for disabled dependents
  4. How to provide for children from multiple marriages
  5. How to create Trusts that will continue to provide income to your heirs for years to come

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