Is an Online Will Really Cheaper?

Sometimes it just doesn’t make sense to fill out an online form and take the risk of future problems. There is no actual advantage to creating an online will, because you might save now but in the long run the bill could get very high, according to MoneySense in "Danger of DIY Wills." The one advantage people think these online wills have, is that they are cheaper than going to an estate planning attorney. However, that is not really the case. It is true that you might be able to save a few hundred dollars now by doing things yourself. However, if there are any problems with the documents you purchased after you pass away, then your estate is going to pay a lot more money to attorneys to sort out the problems than you might save now. There are almost always problems with form wills. The source of the problems is always the same. You are not an expert. You might think you know what the best legal options are for your estate, but you are almost certainly wrong. Do not be offended by that. It is unlikely you are an expert on law, but an estate planning attorney is when it comes to guiding you in creating an estate plan that fits your unique circumstances. Reference: MoneySense (July 14, 2017) "Danger of DIY Wills."