Making a Will requires your attention, ample time and careful judgment of things that need to be considered. It can even get complicated at times. For this reason, more people fall into the wrong choice of using DIY Will Kit.
Here are the five common dangers about using DIY Will Kit:
1. Not using the correct terms and expressions.
Different legal issues must be considered. If the document is not properly worded, it can cause massive problems for your family after you have died.
Wills are important legal documents, and they require very careful use of specific words.
Legislation in every Australian state and territory requires special procedures and phrases in certain key areas of a Will in order to be valid.
2. High probability for ambiguity
DIY Will Kits are not tailored fit to your own specific wants and needs. There is a greatly increased risk of confusion and misinterpretation if the information is not properly laid out. As a result of poor and inconsistent wording, DIY Wills often cause confusion.
This can lead to challenges to your Will or your estate (or both) and huge expense to try to fix. Your loved ones will pay the price.
Without proper legal guidance, your DIY Will can do much more harm than good.
3. Problems with execution
Signing in the wrong way, or with the wrong witnesses, or having the wrong people present when you sign can all invalidate the Will or lead to expensive litigation later on.
4. Lack of flexibility to address all circumstances
DIY Will Kits are not customised to your own circumstances. They try to be a one-size-fits-all document.
DIY Will Kits are just a type of stationery where you fill-in-the-blanks.
There are many situations which they cannot safely & successfully deal with.
They generally cannot deal with life-interests, blended families, step-children, contingent gifts, testamentary trusts, special conditions, or anything slightly out of the ordinary.
5. A false sense of security
People who use DIY Will Kits feel a false sense of satisfaction. They think that they did the right thing, filled the form correctly, and mentioned all what they want to say. However, their lack of legal knowledge places their family at great risk, because it is far too easy for them to make terrible mistakes in the DIY Will, which won’t be revealed until after they’ve died, when it is too late to fix them.
Every DIY Will Kit contains a disclaimer that the instructions they provide are not a substitute for legal advice. Why would you rely on this, when they offer no backup or support for your family after you’re gone?
These kits are really just expensive stationery. They don’t offer any real guidance or security.
Any mistakes you make with those DIY Will Kits won’t become known until after you’re gone, and then it will be too late to fix them.
Trying to fix problems with a DIY Will Kit frequently involves expensive litigation, delays and massive stress for your loved ones.
Making a Will is a specialised area of law, requiring expertise, time and planning.
Don’t risk your family’s future. Consult an expert lawyer specialising in Wills and Estate Planning.
For friendly guidance and expert advice in making your Will, contact Genders & Partners, the oldest law firm in South Australia.
Contact us today on 08 8212 7233 for a FREE Telephone Consultation and claim your FREE Report: 7 Things You Must Know Before You Make Your Will.
Wills in Adelaide
Making a Will is a specialised area of law, requiring expertise, time and planning. Having proper legal guidance is the best investment you can make to secure your family’s future. Your family needs you to be fully informed about all the options and consequences in every choice you make.
Genders & Partners is the oldest law firm in South Australia, and one of its most respected. We have been helping South Australians protect themselves and their families since 1848. We’ll be glad to help you in creating your Wills in Adelaide. Contact us today on 08 8212 7233 for a FREE Telephone Consultation and claim your FREE Report: 7 Things You Must Know Before You Make Your Will.
To find this video on our Youtube Channel, please click the link below:
Wills and Estate Planning in Adelaide: 5 Common Dangers In Using DIY Kits
SPECIAL REPORT “7 Things You Must Know Before You Make Your Will”
In this report you will Learn:
Why home-made Wills can be a LOT more expensive than you might think.
The secret weapons used by the rich & powerful to protect their assets, and transfer their wealth two or three generations ahead.
How Estate and Trustee Companies make BIG money from “free” Wills.
The Most Common Estate Planning Mistakes, how they can cost your family a fortune, and How to Avoid Them.
The Elements of a Sound Estate Plan – why a Will alone is not enough.
How to Make Sure Your Assets Stay in Your Family and are not lost to creditors, lawsuits or ex-spouses.
How to guard against challenges to your Estate after you’re gone.