Should I Use a DIY Service for My Estate Plan?

DIY estate planning refers to the process of creating a will, trust, or other legal documents related to the distribution of one’s assets and property without the assistance of an attorney or other professional. While DIY estate planning can be a viable option for some individuals, there are both pros and cons to consider:

Pros:

  • Cost: DIY estate planning can be significantly cheaper than hiring an attorney. There are many online resources available that offer free or low-cost templates and forms for creating legal documents.
  • Control: By creating your own estate plan, you have complete control over the process and the final outcome. You can customize your documents to suit your individual needs and preferences.
  • Convenience: DIY estate planning can be done at your own pace and on your own schedule. You don’t need to take time off work to meet with an attorney, and you can work on your estate plan from the comfort of your own home.

Cons:

  • Complexity: Estate planning can be a complex process, and there are many legal requirements and nuances to consider. Without the assistance of an attorney or other professional, you may overlook important details or make errors that could invalidate your documents.
  • Lack of expertise: Estate planning attorneys have specialized knowledge and experience in this area of law. They can provide guidance and advice on the best strategies for protecting your assets and minimizing taxes.
  • Liability: If your DIY estate plan is not executed correctly or is found to be invalid, it could create significant problems for your heirs and beneficiaries. They may need to go to court to resolve disputes, which can be costly and time-consuming.

Creating a will or trust is a legally significant process, and it is essential to ensure that the document is valid and legally binding. While DIY services may be a more cost-effective option, it is crucial to consider the complexity of your estate and your personal circumstances before deciding whether to use a DIY service or seek the advice of an attorney.

If you have a simple estate, and you have a good understanding of the legal requirements for creating a will or trust, then a DIY service may be sufficient. However, if you have a complex estate, or you have specific requirements that you want to include in your will or trust, it may be better to seek the advice of an attorney to ensure that your document is legally sound and meets your needs.

Creating a will or trust is an important legal task that requires careful consideration and attention to detail. A lawyer can provide valuable guidance and expertise to ensure that your documents are legally sound and accurately reflect your wishes.

If you have a complex estate or a large number of assets, it may be especially important to work with an experienced estate planning attorney. They can help you navigate the various legal requirements and tax implications associated with creating a will or trust. 

The decision to use a DIY service or seek the advice of an attorney will depend on your individual circumstances and level of comfort with legal matters. It is recommended to do your research and consider your options carefully before making a decision.

Ultimately, the decision to hire a lawyer to create your will or trust is a personal one that depends on your individual circumstances, comfort level with legal documents, and financial situation. It’s a good idea to at least consult with an attorney to discuss your options and determine the best course of action for your specific needs.