Your will is one of the most important types of documents that you can own in a lifetime. By drafting your will with a lawyer, you can effectively address your last wishes and outline how you want your loved ones to inherit your wealth.
However, this is not always the case. For instance, when you try to save on costs by using an online DIY will, you may encounter legal issues that can cause problems for your estate in the future.
It may contain unclear language
Online will forms are available to the public and typically use standard or “generic” language. When you leave vague directives in your will, it can create confusion among your beneficiaries. Because you laid out your intentions poorly, your family members may contest your will.
It may not be suitable for your specific situation
A DIY will may fail to address your complex estate planning needs. For instance, you have a blended family, a child with special needs or multiple properties that are subject to high estate taxes. If you make a mistake on your document, your loved ones may end up suffering from its legal consequences.
It may have a missing or outdated legal requirement
Online DIY wills may not contain all your jurisdiction’s specific legal requirements. Since each jurisdiction has its own rules for execution, witnessing and notarization, your will may miss an important legal aspect that can turn your wishes invalid.
Under New York State law, your document must be in writing and signed in the presence of two disinterested witnesses, who will also confirm your signature and sign their names at the end of the will. An online template might not include all these specific requirements, which could lead to an improper execution of your will.
Using shortcuts does not always lead to better paths
While using a DIY will is simple and inexpensive, it can cause errors in your estate plan that can lead to increased probate costs and potential legal disputes. These challenges may not only lead to expensive court battles but also harm your family’s relationships with one another.
To ensure these mistakes won’t happen in the future, you must rethink your options and have a lawyer assist you on this important matter instead.
