Pitfalls of Do-it-Yourself Wills

Prepare A Will With the Help of An Estate Attorney

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What Is a Will?

A Will and Testament is a legal declaration of how assets should be managed when a person passes away.

Many people quite often fail to write a Will because there’s a misconception that Wills are only for the very elderly or the very sick. The truth is a Will is an effective Estate Planning document, which can help your family answer tough questions about your wishes after death, no matter your age or health. Sudden deaths can occur. A Will with your specific instructions about your possessions can help your surviving loved ones worry about one less thing.

Do-It-Wills Are Not the Answer

Getting the legalities right in your Will is important to ensuring the validity of your Will. Those who choose to write their own Will risk the chance of filling out information incorrectly. The legal terminologies in Do-It-Yourself Wills are often the cause for invalid Wills. Also, there are state specific laws governing Wills. If the Will isn’t executed properly, there’s a possibility it can be rendered invalid and the decision-making process will be left to the courts.

There are dangers in crafting a Do-It-Yourself Will. Some of the common mishaps in writing your own Will can include:

  • Forgetting to update your Will during life-changing events like divorce
  • An increase in the chance that your Will gets contested because an Estate Planning attorney didn’t review it
  • Few individuals have knowledge of how estate taxes work, and your estate can pay more in taxes than you had anticipated
  • An invalid Will

There are numerous pitfalls that can occur in drafting a Will without a legal professional. For more information on Wills and Do-it-Yourself Wills, download our free report, “Dangers of Do-It-Yourself Wills and Living Trusts” and discover how you can:

  • Make sure your heirs are provide for
  • Provide for children of previous marriages
  • Ensure money left for disabled dependents doesn’t affect qualifying for government assistance
  • Provide income for your heirs by creating charitable trusts
    And more

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Wills That Fly Under The Radar

There are many estate planning instruments that are utilized by Nassau County estate planning attorneys on a routine basis. There’s no real reason for the typical person to have a comprehensive understanding of the tools that are available. This is why it is so important to retain the s… read more–>

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