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Technology has made it easier for people to shop, work, bank and much more. In many ways, technology has also made estate planning easier. Or has it?
There are numerous websites out there offering cheap templates for wills. The idea is that you fill these out with minimal assistance or even completely on your own. This can be done for a relatively low cost.
However, is do-it-yourself (DIY) estate planning really as efficient as it sounds? Here are some potential problems with drafting a will on your own.
Legal compliance
In Arizona, there are very specific laws regarding wills. These laws differ significantly from other states. Some sites that offer DIY will templates are generic. The terminology used or information included may not match the laws in Arizona.
Essentially, this means that you could go to all the trouble of drafting a will, only for it to be deemed invalid during probate. Consequently, your loved ones may go without as the court’s determinations based on intestacy laws may differ to your personal preferences.
Limited scope
No two families are exactly the same. This is also the case for friendship dynamics. Estate planning is very specific to the wishes of the creator. It is very difficult for generic online will templates to cater to this. There is a good chance that the creator misses out on key details when using an online template. For example, it may not account for beneficiaries outside of the family or charitable organizations. An online template may also exclude guardians for minor children.
A will or any other estate planning document must be tailored to your specific needs. This is why seeking legal guidance is so important. .Contact us online or call today for a free consultation with Pennington Law, PLLC.
