If you are thinking about creating a DIY will, you may want to reconsider this as an option for making your estate plan. A DIY will may not be the right way to plan for your legacy and, in fact, trying to make a will on your own without getting the right legal advice could actually end up costing you and your loved ones a substantial amount of money.
The Law Offices of James A. Miller, P.C. can provide you with the assistance that you need to make a comprehensive estate plan, which can include a legally-valid will that is enforceable under Massachusetts law and that includes an appropriate plan for the transfer of your assets.
Our legal team can also help you to use other estate planning tools that may go beyond a will to better provide for your loved ones and protect your assets. Give us a call today to find out more about the ways in which we can help you and to discover some of the common problems with a Do-It-Yourself will.
How a DIY Will Can Cost You
If you try to make a Do-it-Yourself will, this can end up costing you and you family money for lots of different reasons:
- You won’t get the legal advice you need from an estate planning lawyer who can help you to explore asset protection tools. You could end up losing your nest egg due to nursing home care costs if you cannot get Medicaid to pay, or losing you wealth to estate tax, when an experienced attorney would have been able to identify these and other risks and help you to make a plan that kept your assets safe.
- Your assets may take a long time to transfer during the probate process. If you make a will on your own, a lengthy probate process may be necessary to determine if the will is valid and to facilitate the transfer of wealth. During this process, it is possible your assets will lose value because of the uncertainty of ownership or because the executor of an estate isn’t as competent in managing the assets as the new owners who inherit.
- Your will could be contested. This could lead to a costly, lengthy battle in probate court that results in a lot of expenditures and reduces the value of an inheritance. If the contesting of your will is successful, it is possible that the people who you left your money to will not get to inherit as you had planned.
These are some of the many reasons why there could be a big cost to trying to make a will on your own without the proper legal help. Your legacy is too important to just leave to chance, so let The Law Offices of James A. Miller, P.C. help you to make a plan that works to protect your wealth and your family.
Why You Should Always Talk with an Estate Planning Lawyer
If you are thinking ahead about your future and you want to plan a legacy for your loved ones, you don’t want to just make a DIY will that may not be enforced and that may not be the best legal tool to use. An experienced attorney can help you to include the right components in your estate plan to protect you assets, address end-of-life issues, help you to maintain autonomy in case of incapacity, and assist you in caring for the people you love most, no matter what happens to you.
An experienced attorney can help you to include different components in your estate plan including:
- Advanced directives for healthcare
- Powers of attorney
These different tools can provide you with protections far beyond what a simple Do-it-Yourself will could offer you. You should work with our legal team to identify the right legal tools to use to make a plan that is right for you and your loved ones.
Getting Help from An Estate Planning Lawyer in Worcester
The Law Offices of James A. Miller, P.C. can provide the assistance you need to make an estate plan that goes beyond just creating a DIY will that may not even be enforceable. Our legal team knows the ins-and-outs of the estate planning process and we can work with you to make sure you can protect your assets and accomplish your goals for your legacy.
To find out more about the estate planning process, give us a call at 866-370-3888 or contact us online to talk with a Massachusetts estate planning lawyer. You can also download a free estate planning worksheet to explore different components that should potentially be a part of your estate plan.
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