Learn Why DIY Wills & Living Trusts Kits Are Too Good to Be True
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As you move towards the age of retirement, a Will is likely to be one of the most important legal documents you can have prepared. A Will is the legal declaration for how you want your assets distributed after death. After death, the Will is taken to a Probate court where the validity of the Will is determined. If there is no Will, or if the Will is considered invalid, the court is left to decide how your assets will be divided amongst your kin.
Why is a Will Important?
A Will is important because it becomes one of the most useful documents after death. It can help answer questions about who will get what of your estate. Without it, people you had never intended to inherit your assets may get a portion of your estate, or may hold up court proceedings that could delay financial support for your dependents.
How Does a Do-It-Yourself Will Work?
A Will is usually prepared with the assistance of a legal professional. Wills are legal documents which are governed by strict, state specific laws in order to be considered valid. An Estate Planning attorney can make sure that the rules are followed and that your Will is validated in Probate court after your passing. For those who opt to draft a Will without the help of an attorney, can do so with a Do-It-Yourself Will.
There is no shortage of information on how do-it-yourself Wills can make your life easier. Online, you can access countless books and software for the form, which is a fraction of what a lawyer would cost; however, DIY Wills are error prone, which can be detrimental to the true intent of the Will.
Shortcomings of a DIY Mentality Concerning Wills:
- Wills need to be updated on a periodic basis; something most people will forget to do with a DIY
- The very nature of a DIY Will leaves it open for possible dispute
- Wills and Trusts won’t be valid if not witnessed legally in a state requiring it
For more information on Wills, you can instantly read our FREE report “Dangers of Do-It-Yourself Wills and Living Trusts” and find out more about:
- How you can provide ongoing financial support for heirs
- Children from multiple marriages and how to provide for them
- Disabled dependents, inheritance and eligibility for government assistance
Read your FREE report today and let the experts assist
