Can I create my own will?
The internet has made it easier than ever to find do-it-yourself solutions for various tasks, including wills and estate planning.
But can you create your own will?
The simple answer is yes, you can.
DIY will kits and online templates are readily available, tempting many to consider drafting their wills without legal assistance.
But while the idea of creating your own will may seem like a cost-effective approach, it’s essential to understand the potential risks and the importance of consulting a lawyer when planning your estate.
The risks of DIY will and estate planning:
- No overall plan: The will document is just one part of the strategy that should go into planning and documenting your intentions and ensuring it is carried out as intended.
- Lack of legal expertise: Creating a will involves complex legal requirements that vary by jurisdiction. Without legal expertise, individuals risk overlooking critical details that can render their wills invalid.
- Errors: Misinterpretation of legal jargon or simple mistakes in DIY templates can lead to errors in your will, potentially causing disputes among beneficiaries.
- Failure to address unique needs: DIY templates often provide a one-size-fits-all solution that may not address your unique wishes, assets, and family dynamics. As a result, important assets or beneficiaries may be forgotten about, or there may be unintended consequences after your death.
- Potential for disputes: A poorly drafted DIY will can lead to family conflicts and legal battles among beneficiaries, which can lead to further emotional stress and financial burden for your loved ones.
Why Consult a Lawyer:
- Expert Advice: Lawyers like Kin Lawyers who specialise in estate planning have both the legal expertise and the practical experience to ensure you have an effective estate plan.
- Customised solutions: Tailoring an estate plan to address your unique circumstances, ensuring that all assets and relationships are appropriately accounted for, and ALL. OF. THE. THINGS. have been considered.
- Error prevention: An eye for detail and big-picture strategy to help you avoid errors that may lead to disputes.
- Dispute mitigation: You can significantly reduce the chances of disputes arising among your beneficiaries after your passing; we also help you have the conversations you should have now to alleviate future hurt and complications.
- Peace of mind: Knowing that your estate plan is in place provides peace of mind, allowing you to focus on enjoying life without worrying about the potential risks of a DIY approach.
While you can create your own will, it’s important to be aware of the risks.
Working with relationship law specialists, like Kin Lawyers will help to ensure that your estate is protected and that your wishes are effectively carried out.
Book a 15-minute consultation.
