Creating a will is an essential task that everyone should consider. It ensures that your loved ones are taken care of and your wishes are carried out after you pass away. However, hiring a lawyer to write your will can be expensive, which is why many people opt for a do it yourself will approach.
In this article, we’ll provide tips and considerations for creating a do-it-yourself will. It is important to ensure that your last will and testament is legally valid and tailored to your specific requirements. Most importantly, having a will prevents the Probate Courts deciding how your assets will be distributed.
Who Should Create a Do it Yourself Will?
For the majority of people with uncomplicated estates, a DIY will is usually sufficient. It can serve as a valid last will if properly signed and witnessed. Do-it-yourself wills are just as legally binding as one that’s been prepared by an attorney.
If you feel your estate is more complex, you can still benefit from using a DIY online will. Having a drafted will before seeking an attorney’s advice can provide a starting point for discussion.
What if Your Do-it-Yourself Will is Incorrect?
Incorrectly setting up a will can result in it being ruled invalid causes confusion and stress for your loved ones. This is because your estate would then be handled intestate, as if you had no will, and the court would decide how to distribute your assets.
To avoid these potential problems, it’s best to avoid handwritten wills, also known as holographic wills. These types of wills are not accepted in every state and their validity is often challenged. Instead, consider using a will template or online platform. These options can help you ensure that your will is properly prepared with the correct legal language.
Consulting Reputable Online Resources
Many online resources and software programs are available to help you create a will. These resources can provide templates, guides, and step-by-step instructions to help you draft your own will. Online programs are traditionally written by attorney and meet the required language for each state.