Planning your estate is a critical step in ensuring your loved ones are cared for after you’re gone. While DIY wills may appear to be a cost-effective solution, they often lead to unexpected complications that outweigh the initial savings. Understanding the risks involved can help you make a more informed decision about securing your legacy.
The cost of hiring a lawyer can be a significant deterrent for many. A professionally drafted will may range from $100 to several hundred dollars—or more for complex cases. By contrast, DIY will kits are available online for as little as $20, making them an appealing option. However, the lower price tag often comes at the expense of thoroughness and accuracy, leading to costly consequences down the road.
While creating a will might seem straightforward, DIY templates often leave too much room for error. Legal standards vary by state, and failing to adhere to them can render a will invalid.
These errors often lead to lengthy probate processes, legal battles, and higher costs for grieving families.
An invalid or poorly written will can have devastating consequences. If the will doesn’t meet legal standards, the estate is divided according to state intestacy laws, potentially excluding intended beneficiaries. This can lead to disputes among family members and hefty legal fees.
According to a report by Co-operative Legal Services, more than 38,000 families each year face probate delays and complications due to inadequate DIY wills. In many cases, the cost of resolving these issues significantly reduces the estate’s value.
For those with straightforward estates, a DIY will might suffice. However, complications such as blended families, business ownership, or multiple properties often make DIY wills insufficient.
While a DIY will might seem affordable upfront, families often face hidden costs during probate. If the will is unclear or invalid, legal fees and administrative expenses can quickly accumulate.
As noted in The Guardian, ineffective wills can reduce an estate’s value by up to 10%. For an estate worth $200,000, this means $20,000 lost to unnecessary fees—an expense that could have been avoided with a professionally drafted will.
A qualified estate planning attorney provides peace of mind by ensuring your will is both comprehensive and legally sound. They understand the complexities of state laws and can tailor your estate plan to your unique circumstances.
Key benefits of working with a lawyer include:
DIY wills may seem like a convenient solution, but the risks and hidden costs can far outweigh the benefits. A legally sound, professionally drafted will ensures that your wishes are honored and provides clarity for your loved ones during an already difficult time.
At The Werner Law Firm, our estate planning lawyers specialize in creating tailored estate plans to protect your assets and your family’s future.
If you have any questions, schedule a free appointment with us through our online appointment page.
You can also read reviews from some of the hundreds of clients we have helped over the years.
Reference: The Guardian (Feb. 9, 2015) “The dangers of DIY wills”
Founded in 1975 by L. Rob Werner, The Werner Law Firm and our dedicated attorneys are available for clients, friends, and family members to receive the legal help they need and deserve. You can trust in our experience and reputation to help navigate you through your unique legal matters.
Hiring a lawyer can be a daunting task, but it doesn’t have to be. From the moment you contact our firm, through the final resolution of your matter, our goal is to make the process easy and understandable. Through our Werner Law Firm Difference, our goal is to have you feel like a burden was lifted from your shoulders, and that we made the whole process an easy one
If you’re looking into taking care of your estate planning, we urge you to schedule a free initial appointment today and join the many satisfied clients who have contacted Werner Law Firm.
