Sunday, February 1, 2009

The good and bad of Writing your own will

Pros and Cons of Writing your own will...

Good:
  • Save money
  • Learn all aspects of of your will
  • Might get it done faster than other alternatives if you stick with it

Not good:
  • Easy to screw it up and have it ruled not valid
  • Easy to make mistakes that are costly to your estate
  • Will take you a significant amount of time to learn and complete your will
  • You might not ever finish if you get overwhelmed with the work it requires

Alternatives to Do It Yourself Wills
  • Hire an attorney - this is the BEST option if you can afford it. They are often less expensie than you might think for a straight forward will. They will also suggest alternatives that are mughh better for certain types of assets.
  • Complete your will online with LegalZoom or other similar service
  • Buy Will Making Software and have it guide you through the process of writing your own wil