Is a DIY will helpful or a hindrance?

On Behalf of | Mar 15, 2022 | Estate Planning |

The estate planning process can be daunting for many people. Sometimes, individuals are reluctant to reach out to family members for discussion because they do not want to cause upset. At the same time, there may be hesitancy to talk to professionals because of a lack of trust. Due to the legal nature of estate planning, there might also be a worry that it is expensive and only really relevant to wealthy individuals.

All of the above may encourage people to take on their estate planning with a DIY mindset. There are countless will templates available online, so it’s certainly possible. However, is tackling your will on your own helpful or a hindrance?

Have you really considered all aspects?

Family dynamics rarely remain static. As you plan for the future, you want to make sure that your will reflects your current circumstances and wishes. Can you really be certain that you haven’t left someone or something out? If you haven’t covered all bases in your estate plan, then matters will be left to the court. It is highly unlikely that the rulings of the court match your final wishes precisely. Is drafting your own will really worth the risk?

Do you speak the language?

While you may be a fluent writer, legal language has a very particular nature. You also need to remember that estate planning laws vary from state to state. Does your downloaded template match the relevant laws? Are all of the terms clear and concise, emitting a sound legal basis that cannot be challenged?

For your estate plan to benefit those who you treasure most, it has to be binding in law and a reflection of your current circumstances. As a result, it might be worth looking further into the legal options you have at your disposal. If you go it alone and make a mistake, it may never be discovered until it is too late and you are already dead.