Online wills may seem convenient, but there are pitfalls to consider. You have probably seen ads from services that tout the idea that you can write your own will quickly – maybe even while you are in the security line at the airport (seriously, we have seen those ads in our own Facebook feeds).
A Will is just One Part of a Plan to Protect Your Family
A Will (aka a last will and testament) is the most commonly thought-of document when it comes to an estate plan. But really it is only a very small part of an integrated plan that ensures your family stays out of court and conflict if and when something happens to you.
For example, you may think that a will is sufficient when what you really need is a living trust to keep your affairs private, your assets accessible, and your family out of court. A five-minute will won’t help achieve what you really want.
Or, you may think your kids are adequately protected because you have a will. However, you may really need a full Kids Protection Plan®. Without it, your kids could end up in the care of strangers, even if just temporarily. Before you do anything, get educated and empowered to do what is right.
Online wills lull you into thinking you have completed an estate plan when all you have done is “checked off” the task of “get a Will” – and probably not a very good one. Do not think you can just write your own will and that will truly help your family
Without Professional Support, You May Create Trouble for Your Family
In addition, consider the reality that using an online wills product could actually create far more trouble for your loved ones down the road. Your family and loved ones need you to get professional support from someone who can help you look at what you own, who you love, and what would happen to you and everyone you love if and when something happens to you.
Unfortunately, if you go it alone, you may miss important facets of what happens in the event of your incapacity or death. Clients very often answer a question I ask with, “I never thought of that, but that’s VERY important.”
Death is unavoidable – and incapacity may happen before that. These are non-negotiables. Facing these matters head-on leads you – and your loved ones – to having the best life possible.
Otherwise, it is the people you love who get stuck with everything you were not willing to take care of now.
The right plan for you begins with knowing what you have, and then being clear on what is necessary to keep your family out of court and conflict and keep your assets out of your state’s unclaimed property fund. If you are ready to write your will, that is great – come see us first.
The biggest mistake you can make is not facing the reality of death, the second biggest mistake is facing it alone.
If you need help getting started, consult with us your Personal Family Lawyer®. We will help you through the process so you can make sure your loved ones are protected and your wishes are honored.