Creating a Last Will and Testament – the Advantages and Disadvantages of Do it Yourself Will Kits By Lorabella At Isnare.com Ezine Articles

If you have been thinking about creating a last will and testament chances are you have at least considered using one of those ready made will kits. These kits are everywhere it seems – in your email box, on the internet and even at the local office supply store. You have probably been wondering if these will kits are as good as a will created by an attorney, and whether or not your family can really rely on these do it yourself documents when they are needed.

Of course every ready made will kit is different, so there is no one answer to that important question. Will kits provide a number of important advantages, but there are some potential pitfalls to be aware of as well. It is important to weigh the pros and cons of each approach carefully before creating what may be your most lasting legacy.

If the choice is between no will and a will created using a will kit then the choice is obvious. It is vital for every adult – especially adults with minor children – to have a will in place. If you have been putting off creating a last will and testament buying a do it yourself kit can give you the jump start you need to finally get going.

Buying a will kit is also a great way to start the process of creating a last will and testament, even if you ultimately decide to get an attorney involved in the process. A well designed will kit will spell out exactly what documents you need and help you determine which assets you need to protect. This step by step approach is a great way to start the creation of your will, no matter who ultimately prepares the final document.

In addition a do it yourself will kit may be all you need if you are a young person with no children who has thus far accumulated little in the way of material goods. The templates and checklists included in the typical do it yourself will kit may provide all the protection you need. Then as you get older and accumulate more assets you can revisit your will and make updates as needed. At some point you may want to call in an attorney who specializes in wills and estates, but a will kit can provide an excellent starting point.

Of course do it yourself will kits are far from perfect, and it is important to look at the potential drawbacks of these ready made documents as well. For one thing a will kit may not be able to tell you when you have made a serious error. Even though some online will kits may provide a checklist and raise red flags when something is wrong, those programs may not be able spot potential problems the way an experienced attorney could.

Will kits also tend to take a one size fits all approach to the creation of a last will and testament, and unfortunately not everyone’s circumstances will be conducive to this approach.. If your asset holdings are very large, or if your circumstances are particularly complicated, it may be a good idea to have an attorney prepare your will.

One compromise to consider is to purchase a ready made will kit, complete the forms and then have an attorney go over the final document. This hybrid approach can cut the time and the cost of creating a will significantly, while giving you the peace of mind that comes with knowing that every I has been dotted and every T has been crossed. This approach can give you the best of both worlds while making sure that your assets – and those you love – are well protected.

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