Tuesday, November 27, 2012

Living Will FAQs - Should I Hire a Lawyer to Write My Living Will?


Question: How do I get a will?

Answer: Either you can hire a lawyer or you can do it yourself online. Drafting a will on your own without a lawyer or online legal service is not advised.

Question: What are some of the advantages of writing your own will using an online service?

Answer: Mostly cost. Hiring an attorney will cost you hundreds, maybe even several thousand dollars. Using an online will service will cost you around $100 on average. Generally, unless you have tons of assets this is the most practical. Care still needs to be taken to make sure that you're purchasing this service from a reputable source and that your will complies with state laws.

Question: What are some of the advantages of hiring a lawyer?

Answer: Less worry. A local attorney will be sure to go over everything thoroughly and offer recommendations as needed. He or she will be well versed in state laws regarding a "last will and testament" or "living will". You'll have comfort knowing that it will stand up in court and will be less likely contested.

Question: What if I decide to go alone and write it on my own?

Answer: Be sure to check with state laws and do some careful research. If there is any kind of confusion about your intentions in the document it could very well be thrown out. Make sure to be clear. Also make sure to check the rules regarding the signing and witnessing that are required for your state.

Question: When should I definitely hire an attorney to write my will?

Answer: If you have tons of assets in multiple states and/or countries or if you own a business your best bet is a qualified attorney. Additionally, if you're concerned about the welfare of your children that are still minors. If you've been remarried or you're in a same-sex relationship hiring a good lawyer is probably your best bet.

Summary

For most people a simple online will writing service will serve their needs well. If you attempt to go this route and find that it's difficult to understand or doesn't cover your needs then it's probably time to hire an attorney. If you have a love for research and are in need of a fairly simple will you can probably get away with writing your own. If you have a lot of assets or have a complicated situation protecting your loved ones from future troubles by having a professionally written will may be your best option.

Working With Estate and Wills Lawyers - What You Need To Know   Estate Planning: Secure Your Loved Ones' Futures   The Whole Story About Last Wills and Testaments   A Living Will - Your Medical Directive   An Intro Into Properties Planning   



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