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Can I write my own will?

Some people in Rhode Island choose to write their own wills to save money on legal costs. While there are numerous DIY estate planning tools available, creating your own will can end up costing you and your family both money and time in the long run. The Balance offers the following insight, which might make you think twice before creating your own will.

There are many different laws governing the creation of estate plans. While some of these laws exist on the federal level, there are also state laws that must be adhered to. If your will fails to comply with laws regarding estate taxes or doesn’t contain the necessary components, it could end up in probate. This is a costly and time-consuming legal process of proving a will, which can have a negative impact on your estate.

You may also have a unique situation that isn’t covered by the standard boilerplate found within DIY wills. Maybe you have a number of high-value assets or own property out of state. You may also want to set up guardianships for minor children, and this could be impossible to accomplish with a standard will. An attorney will have the appropriate knowledge to ensure your will can accomplish what it needs to. 

Lastly, there is no substitute for experienced legal counsel. With an attorney’s assistance, you can rest assured that your will is legally binding and capable of being enforced. If you read DIY will resources closely many say that they are not meant to be a substitute for professional legal help. In many cases, it’s best to heed these warnings and contact an experienced attorney to create your estate plan.

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