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SHOULD YOU PREPARE YOUR OWN WILL?

  • Writer: ryan layton
    ryan layton
  • Jul 3, 2024
  • 1 min read

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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