Drafting a Will Alone Can Be Risky

Learn Why DIY Wills Are Too Good to Be True

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What is a Will?

A last Will and Testament is an effective way to ensure that your wishes will be carried out after your death, and that your family will be provided for with what you’ve left behind. Your last Will and Testament is a legal declaration of how you’d like your assets to be managed and distributed.

Wills are good Estate Planning tools for anyone with assets that they’d like passed down, no matter the age and health of the person. Because a death can occur at anytime, and sometimes suddenly, a valid and updated Will is imperative for the smooth transfer of assets to beneficiaries during the Probate administration.

How to Draft a Will on Your Own

Wills do not need to be drafted by a legal professional. There are several resources online and print resources for Do-It-Yourself Wills. These forms are typically one-size-fits-all form, meaning it rarely leaves room to make adjustments if your situation calls for it.

Dangers of Do-It-Yourself Wills

Wills that are drafted without the help of a qualified estate planning attorney have a higher chance of error. Wills with a lot of errors may be considered invalid in Probate court. When a Will is considered invalid, the court decides how your assets will be distributed, which may cause additional court fees for surviving loved ones, petitioning to receive certain things.

Dangers of Drafting Your Own Will:

  • DIY Wills are easier to contest because many Do-It-Yourself Wills are hard to customize to the specific needs of the testator, thus leaving vague answers about the estate
  • Greater risk of having an invalid Will because a Will isn’t valid until witnessed and executed properly in some states
  • Drafting your own Will can make it difficult to remember to update it for certain life changing events such as divorce or the birth of a dependent

Download our FREE report, “Dangers of Do-It-Yourself Wills and Living Trusts” and learn how you can provide and benefit from the following:

  • An ongoing inheritance for your heirs
  • Protection and provisions for children of multiple marriages
  • Knowledge of how to create a Charitable Trust that can provide ongoing income for heirs

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