It is easier than ever before to create a will. At least, that is what some businesses want you to think. Numerous online services have popped up in recent years that allow people to create digital wills. It seems like a great service, but anyone in need of a will needs to dig deeper.
A person should always create a will in the presence of a professional. It is the only way to make sure you have covered all your assets, and it ensures your loved ones receive what you want them to upon your passing. There are many reasons why you need to steer clear of online wills.
You may not know how to divide certain assets
When it comes to DIY wills, the service assumes you know how to do everything already. The website merely offers you a platform to input information. However, it is easy to overlook something critical. For example, a website lets you name whomever you want as the executor. When you meet with an attorney, the lawyer ensures you choose someone who understands your financial situation inside and out. You have the opportunity to think long and hard about what you want to do. An online service will not care.
It may not be the most affordable option in the long run
Most websites promise to save you money when making a DIY will. That may be true at that moment, but your estate could end up paying a lot more over the years. A single error could force your loved ones to spend years in court fighting the case. For example, you could accidentally input a period instead of a comma and leave one of your loved ones $100.000 instead of $100,000. Your loved ones will have to prove your true meaning, and it only creates a hassle. It is best to do it right the first time.