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If you want to have a say in what happens to your estate after you die, proper will preparation is essential. Otherwise, your state's laws will determine how your estate will be administered or distributed.
While you can make a valid will yourself, it's recommended you let a will preparation lawyer handle this on your behalf. This will cost more than a DIY will due to the lawyer's fees, but it can be well worth the expense.
Continue reading to acquaint yourself with the advantages of hiring a lawyer to draft your last will and testament.
They Cover All Scenarios
When it comes to will preparation, one of the first things you must understand is that everyone's situation is different. If you have a simple estate and family structure, creating your own will could be an easy and cost-saving way to protect your loved ones when you die. But if your financial and family situation is a complicated one, preparing your own will may not be as straightforward as you had thought. In addition to not covering all of your assets, you may also fail to protect all the potential beneficiaries. Will preparation lawyers can review and comprehensively deal with your financial and personal circumstances, no matter how basic or complicated they are.
They Can Avoid Errors That May Render Your Will Invalid
Wills and estate planning laws vary from state to state. If you don't follow your state-specific rules for DIY will preparation, the will could easily end up being considered invalid. When this happens, the court will decide on how your estate should be distributed. Consequently, your final wishes with regards to how your property and assets should be administered or distributed when you die may not be fulfilled.
Lawyers that offer will preparation service are familiar with all the state requirements for will preparation. They're also up-to-date with recent changes in estate planning laws that apply to your area of residence. As a result, they're your best bet for avoiding common mistakes that may be committed during DIY will preparation.
There's absolutely nothing wrong with drafting a will yourself. Done right, it can save you money while protecting those you love. However, a professionally prepared will can give you peace of mind that a DIY will cannot, especially if you have a large estate or non-conventional family situation. Don't hesitate to contact a will preparation lawyer near you if you need an expert to make your will.
Share14 June 2021
