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.
Tips for a Legally Sound DYI Document
To ensure that your DIY will is legally valid, keep these tips in mind:
- Use clear language and avoid ambiguity.
- Name an executor and alternate executor.
- Specify bequests for assets you want to leave to individuals.
- Include a residuary clause for remaining assets.
- Sign and date your will in the presence of witnesses.
Creating a will can be a straightforward way to ensure your loved ones are taken care of after you pass. With reputable online programs, you can create a valid and legally sound will that protects your assets and your family’s future. Plan ahead and create a will that reflects your wishes to provide peace of mind for yourself and your family. Start the process today to ensure the preservation of your legacy.
Research Your State’s Legal Requirements for Wills
Before you start creating your own will, it’s crucial to research your state’s legal requirements for wills. Each state has its own laws and regulations that govern how a will should be drafted and executed. Online will programs have the required language to meet state standards. More importantly, some states require 2 people to witness your will, while others only require one witness. Knowing your state’s requirements will help ensure that your will is legally sound and can be executed without any issues.
How Do I Make Certain My Will Can Be Found When Needed?
Here are 3 ways you can ensure the finding of your will when needed.
Online iCloud Storage
In addition to notarization, storing your will in the cloud can also provide added safety and accessibility. By storing your will in iCloud, you can ensure that it’s available to you and your loved ones anytime. SideDrawer.com if free to the public and uses state-of-the-art security measures to ensure that your documents are protected from unauthorized access, loss and destruction. Access to your account is only accessible to you and authorized individuals.
Store Your Will in a Safe Place
It is also important to keep your original copy of your will in a safe place. This can include a safe deposit box, a fireproof safe, or with your attorney.
Online Registration
Lastly, registering your will can help ensure that it’s located when it’s needed. Registering your will means that the location of your will is stored with a national registry. This serves as backup protection in case your original will is lost or destroyed. The U.S. Will Registry is a national central database and is free to the public for will registration.
Consider Consulting an Estate Attorney
Consider using a free online will program if you have a complex estate as a guide before going into an attorneys office. Doing a will online allows you to take your time to gather your thoughts. You can take your time to assess your assets and choices for executors and beneficiaries without the pressure of time and money. This can save time during your visit to the attorney’s office. You can use the online document to guide you and your attorney to ensure all your requests are clearly documented. Additionally, an estate attorney can help you understand complex legal terms and state requirements. They can also provide guidance on how to distribute your assets in the most tax-efficient manner possible. If you feel the need to save money, then consider doing a free online will.
Conclusion
Creating a will is an essential task that everyone should consider. While hiring an attorney can be expensive, a do-it-yourself approach can be a viable option for those with uncomplicated estates. However, it’s important to take the time to research your state’s legal requirements and use reputable online resources or software programs to ensure that your will is legally sound. And if you have any doubts or questions, consulting an estate attorney can provide the guidance and expertise needed to make informed decisions about your assets and ensure that your wishes are properly documented.
