The online forms you come across may or may not work. These forms tend to not be state specific which means your will may or may not be valid. If you are going to take the time to draft a will or any other estate planning document (which you should), you definitely want to ensure that it is valid. Visiting an attorney in your state will ensure that it is valid and properly executed so that your interests are protected.
Just like fixing up your house, there are jobs you can handle yourself and those that require the assistance of an expert.
A recent article in ABA Law Technology Today, titled "3 Reasons to Avoid Online Forms for Wills and Estate Planning,"points out some glaring problems with trying to DIY your estate plan.
Are they state specific? Online forms may or may not work. These forms typically are not state-specific, which means your will may or may not be valid. Just like your house being "up to code," the code may differ from one location to the next. And just like doing the job right with a home improvement project, if you are investing the time to draft a will or any other estate planning document (which you should!), you want to make sure it is valid. An experienced estate planning attorney in your state can help make certain your will is valid and properly executed and your interests are protected.
You are missing out on valuable legal advice. Do you ever start an unfamiliar project on your home without doing any homework? Just run to the hardware store, grab some supplies and get going? That probably has a low chance of success. Websites may say that wills and other estate planning documents are quick and easy to create. However, you are missing out on valuable legal advice and experience. When you talk to an experienced estate planning attorney, you will become informed and educated on the details of your plan. You and your attorney will discuss if a will or a trust is better for you (or perhaps both), and how to apply these to your specific circumstances (e.g., step-children, special needs, college savings, or aging parents). The original article reminds us that an attorney does much more than draft the documents—he or she gives you legal advice on why you should have your document drafted in a certain way.
Websites don’t inform you of changes in the law in the future. What? There's a new tool that saves me time or a product that makes my house safer? A website will not call you when an important law changes that impacts the provisions of your will, but an experienced relationship-oriented attorney will. You can be sure that the laws are always being amended, updated, and repealed. A competent estate planning attorney keeps up-to-date on those changes and communicates them to his or her clients. Many individuals ask their attorneys to contact them annually to see if there are changes to the laws and to be certain their wills are valid and still reflect their wishes and their circumstances.
The original closes with the reminder that you get what you pay for—whether that is a weekend warrior fixing the plumbing or an experienced professional who is educated in estate planning. Using a form you discover on the Internet will most undoubtedly be less expensive and perhaps less time consuming than partnering with an attorney to draft your will or other estate planning documents—but is it worth it? Remember, these are important issues concerning you and your loved ones. You want to make sure that everything is legal and you have the best strategies in place.
Think about it? Do you really want to take on this important project alone?
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Reference: ABA Law Technology Today (October 7, 2014) "3 Reasons to Avoid Online Forms for Wills and Estate Planning"