In the modern age where everything is expensive, everyone prefers to do things on their own. Their reasoning? To save money. This goes even when creating wills. People prefer to “do-it-yourself” their own wills instead of asking a lawyer to draft one for them. While people may think that this saves them money in the long run, think again.
You have established properties from blood, sweat, and tears but everything may be jeopardized because of a poorly-written will. Not only will you risk losing everything you’ve built up, but your potential heirs will also suffer the incurring legal fees to fix the mess you left behind.
There are a lot of risks involved in self-drafted wills. Lawyers would often talk to clients about these risks involved. The logic is fairly similar with asking an electrician to fix a broken light in your house versus fixing it by yourself. It may save you a few bucks if you do it by yourself, there is a risk of experiencing an electrical shock or burning down the house. Judging the worth of those risks versus the money you’ve saved by not letting a professional handle it, which weighs heavier?
Some examples where the risks are not worth the money saved:
A Will Not Being Self-Proving
Self-proving means that the will has been notarized stating that the will had been signed and witnessed properly by the person who made the will. If not properly executed, the will may be invalid. Once invalid, heirs to the will need to defend it to the court in order for it to be approved.
Improper Will Execution
An elderly woman decided to leave all her assets to her health care aid when she dies. She went and did her own will without proper procedure. When the court tried to probate the will, it wasn’t properly executed. This results in the court ignoring the will and the elder woman’s assets were passed to her brother instead of the health care aid.