If you’re thinking of writing a will, you’ve probably come across how-to-videos and multiple templates to help with this. But despite these online resources being available in plenty, it’s not advisable to take a DIY approach when drawing wills, powers of attorney, and trusts. These documents will dictate the financial future of your loved ones and your legacy. Simple mistakes can have a huge impact on your loved one’s life. Why take the risk? The article below highlights reasons to let a lawyer for wills and trusts help you instead of going the DIY way.
Lawyers Make Law Matters Less Complicated
Attorneys know the best way to protect your assets. What may look like a simple wish may have far-reaching consequences. For instance, leaving a particular asset to a specific person may mean they pay income tax for it. Lawyers can include special clauses in the will to prevent such issues. Even a simple mistake in your wording can lead to doubt and, consequently, an expensive court case. A lawyer understands how to phrase your will clearly, leaving no room for question or doubt.
An Experienced Attorney Will Create a Specific Will for You
The templates you find online are general and not tailored to your particular situation, which can be limiting. Are there specific goals you want to achieve through your will? A lawyer will make that happen. What if your family dynamics are complicated? The attorney can help with this as well. Even people without children or heirs need attorneys. As long as you have assets, talk to a lawyer. They bring in years of experience and technical skills to ensure a will is specific to your situation.
You Might Not Have the Time to Start Learning About How to Create a Will
As much as there are online resources, one has to read the aspects of writing a will before they can create one. You can’t just pick a template and hope to wing it as you continue filling in the gaps. An attorney will ask you the relevant questions and work with you to create the will just how you want it. Plus, on your own, you might not know the type of documents you need and the best way to minimize probate litigation. Let an attorney handle this for you and save you time.
You Will Be Protecting Your Interests
Certain documents can accompany a will which are important even before you pass away. For example, a power of attorney gives someone the authority to make certain medical decisions if you’re incapacitated. A financial power of attorney lets another person make decisions about your money if you can’t. And since life is unpredictable, you don’t want to leave these things to chance. If you’re having challenges choosing a power of attorney, a lawyer can ask what you’re looking for and give you suggestions.
The Attorney Will Not Make Mistakes
At times, people write wills in a rush, without giving them too much thought, and this leads to mistakes. When you write your own will, you may overlook certain state statutes needed to make a will legal. Additionally, you can name the wrong person as the executor of your estate or forget to name a guardian for your kid. A will attorney is an expert, ensuring you don’t overlook anything. They will make sure you have highlighted all your assets and named the right people in your will.
In a society where DIYing has been normalized, it’s important to realize aspects that need a professional’s help. Writing a will is one of them. You may be trying to save those legal fees only to make a costly mistake. Talk to a will and trust attorney to help you create one without mistakes.
