Can you prepare your own will and try to figure out a plan for your estate all by yourself? The answer is, technically, yes, you can. But should you? Let’s take a look.
Many people assume writing their own will can save them money on lawyer fees. Something that needs consideration, however, is what it could cost in the long run. Writing a will without legal guidance can result in issues for your heirs that could end up costing them significantly to resolve. Huge legal fees could be what you leave behind for your family.
Following the Laws
It’s easy to read a few online guides and then create some forms that pass as a will. But do they follow state laws? Are they signed correctly? Are they self-proving? If you don’t know the answers to these questions, it’s critical to talk to someone who does. During estate administered after your passing, these things are critical to the will’s enforcement. This could lead to legal fees and extended probate for your family to deal with.
Conflict with Other Legal Documents
If you have a prenuptial agreement or other legal documents in place, a self-made will could conflict with them. Someone who isn’t a lawyer can’t ensure there are no other issues that could lead to a long legal battle for your heirs. Before you put your estate and final wishes at risk by drawing up your own will and creating your own plan, it’s worth talking to a legal professional. They can help create legal documents that will hold up and leave your heirs without having to worry about fighting for them in court. Contact the team at McCutchen McLean, LLC today to find out how to take the right steps.