Pros of DIY Wills:
Cost-Effective Initially: DIY wills are much cheaper (often free) than hiring a lawyer to draft one for you.
Convenience: You can create a DIY will at home, at your own convenience. However, Attorneys now have options to execute your Legal Documents online for anywhere with an internet connection.
Speed: Making a will online takes less time than involving an attorney.
Cons of DIY Wills:
Long term costs: Probate costs are typically of $10,000 for a small to moderate size Estate and $30,000 or more for larger Estate. An Estate Planning Attorney can help you family avoid probate for a fraction of that cost.
Legal Risks: DIY wills may not cover all legal requirements, potentially leading to errors or omissions.
Validity Challenges: If not properly executed, a DIY will could face challenges during probate.
State-Specific Rules: Some DIY services may not consider state-specific rules (e.g., witness requirements).
Limited Estate Planning: DIY wills may not address complex estate planning needs or minor children’s care.
Remember to weigh these factors carefully when deciding whether a DIY will is the right choice for you!
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