It’s understandable why many people opt for a quick and seemingly cost-effective solution or ‘The DIY Will.
However, the hidden risks can create problems for your loved ones. Here are some pitfalls of doing it yourself and why consulting with a professional is a smarter choice:
Jargon Heavy
Legal documents are filled with jargon, and one small mistake can leave your Will open to misinterpretation. An experienced lawyer will ensure your wishes are legally expressed, avoiding any uncertainty that could lead to disputes.
Keeping it Clear
Even the most well-intentioned DIY Will can spark conflict among beneficiaries. Unclear instructions can lead to misunderstandings. Our lawyers here at Carbon Law Partners can help navigate these complexities, creating a Will that minimises the risk of disputes.
Troublesome Taxes
Passing on assets has tax implications. Without proper legal advice, your estate could face unnecessary tax burdens. Alongside third-party taxation specialists, we are able to help structure your estate with taxation in mind, preserving more of your assets for your beneficiaries.
Hidden Assets
Amateur Will writers can often overlook assets they haven’t considered, such as a forgotten bank account, shares or a life insurance policy. Our experienced team will ensure all your assets are accounted for and distributed according to your wishes, leaving no stone unturned.
Witness Woes
The witnessing process for a Will seems straightforward, but it has specific legal requirements. A mistake here could invalidate the entire document. Our lawyers will ensure the witnessing process is correctly carried out, avoiding this potential pitfall.
A Will for all Weathers
Life is unpredictable. Whether you have a blended family, children with specialist needs, or other unique circumstances, a DIY Will may not be flexible enough to accommodate these situations. Our lawyers can help create a Will that considers these possibilities, ensuring your loved ones are protected regardless of the changes life throws your family’s way. Make an investment in peace of mind for you and your loved ones during what could be a difficult time.
The Carbon Law Partners Advantage
A Will is a crucial document, and the risks of a DIY approach far outweigh the apparent savings. At Carbon Law Partners, we are dedicated to ensuring your wishes are clear, legally binding, and designed to protect your loved ones effectively. Don’t leave your estate to chance — partner with us for comprehensive and professional estate planning.
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The contents of this article does not constitute legal advice and should not be relied upon. Always consult a legal professional before taking any action.