You can make a Do-it-Yourself (DIY) will any time, regardless of your level of wealth. Many people without a lot of assets decide that a DIY will is the best bet for them, in part because they don’t have a lot of different property to deal with. The reality, however, that even if you don’t have much, a Do-it-Yourself will is often a poor choice.
There are many downsides to making a will on your own without proper legal help. Likewise, there are many advantages to getting help from a qualified legal professional.
Parman and Easterday offers affordable advice and assistance with wills. You can get the help you need from a trusted legal advisor without breaking your budget. Give us a call today to find out why the services we offer are better than a DIY will and to learn why trying to make a will on your own can be fraught with problems.
The Downsides of a DIY Will For Small Estates
There are many downsides to creating a DIY will. Some of the drawbacks include:
- The possibility your will may not be valid: This is the biggest negative aspect. There are different laws in different states regarding creating a valid will. For example, in Kansas, Article 6 provides details on wills, including the steps necessary to create one. In Oklahoma, Title 84 provides details on wills and succession. If you fail to follow the rules of the state where you live, your will may not be recognized and your wishes for your estate may not be respected. Even if you only have a little, you want to decide who will inherit your money and property.
- Mistakes won’t be discovered in time to fix them. If you make a mistake in preparing your DIY will, it likely won’t be discovered until it is time to probate the will.
- You could leave out important clauses. DIY wills are not customized to meet your needs. There may be clauses that should be in your will, such as one determining who is to have guardianship of your children. If you do not know to include these clauses, a DIY will not do what you need. You should talk with an attorney who can work with you to evaluate your situation and help you decide what should be a part of your estate plan.
Another issue you could miss out on is the effective use of other estate planning tools that might help accomplish your goals. For example, if you can avoid probate, your family will save on the costs of probating your will and there will be more money left for your loved ones to inherit.
There are also tools that help to protect assets during your lifetime and estate planning steps you should take to protect yourself in case of incapacity or at the end of your life. You need the right legal advice to make informed choices so you don’t end up hurting yourself or making things harder for the people you love.
How a Wills and Trusts Lawyer Can Help You
A wills and trusts lawyer will help you create a will that is valid, legally enforceable, and able to accomplish your goals. Your attorney can also advise you on other estate planning steps to ensure you are making smart choices. With help from a legal professional, you can plan for incapacity, explore asset protection options, find ways to maximize the value of your legacy, and take care of yourself and the people you care about.
Contact us Today for Help With Your Will
Parman and Easterday provides you with the legal advice you will not receive if you make a DIY will. Your legacy is too important to leave to chance, especially since mistakes may not be found until it is too late to correct them. You don’t want to lose control of your legacy or leave behind a legacy of family fighting. Get the help you need to make sure that does not happen. To find out more about how we can assist you in creating a will and comprehensive estate plan, call us today at (405) 703-9987 or (913) 385-9400 or contact us online.