Who doesn\u2019t love the thought of saving money? There are so\nmany things we can DIY these days and drafting up a Last Will & Testament\nis one of them. If you or your loved ones are thinking about finally tackling\nthat will once and for all \u2013 good job! It\u2019s very important to have a will, and\nyou\u2019ll feel a great weight off your shoulders when it\u2019s all said and done\u2026and\nsigned. You\u2019ll have peace of mind knowing your family is protected, you\u2019ve\nappointed guardians for your dependent children, outlined an executor and that\nyour assets go to exactly whom you have designated. If you are looking into a\ndo-it-yourself will kit to do the job, there are important factors to consider\nthat may or may not make it worth the while. We\u2019ve listed some top concerns\nhere: <\/p>\n\n\n\n
Simple vs.\ncomplicated<\/strong><\/p>\n\n\n\n If you are a single person with a few basic assets,\nstraightforward finances, no dependants, and you have a solid grasp of legal\nterminology, a DIY will kit might work well for you. However, the more\ncomplicated your finances, assets, debts, family situation and health become,\nthe more chances that your DIY will won\u2019t meet your needs and that key issues\nwill be overlooked or incorrectly documented. <\/p>\n\n\n\n Fine print &\nlegal terminology<\/strong><\/p>\n\n\n\n Legal\ndocuments such as wills naturally use \u201clegalese\u201d such as, \u201cWhereas, said parties hereunto\u2026\u201d It can be very\nconfusing for anyone outside of the legal profession and in some cases, you may\nnot know what it is you are agreeing to. If your will contains errors as a\nresult of you misinterpreting certain sections, it will still be legally binding\nunless a new one is drafted up. So, if you\u2019re going the DIY will route, make\nsure you are well-versed on such language and that you\u2019ve truly understood all\nthe fine print. <\/p>\n\n\n\n Getting answers <\/strong><\/p>\n\n\n\n Most DIY will kits offer basic instructions, but for the\nmost part, you are left to your own devices to draft it up. There are some\nonline DIY will kits that offer the option to get professional, legal advice,\nbut you\u2019ll likely incur additional costs. Before buying your DIY will kit,\nyou\u2019ll want to shop around and find the ones that have the best recommendations\nand reviews and be thorough when reviewing what is and isn\u2019t included in your\npackage. Don\u2019t forget too that estate laws vary across Canada, so be sure to\npurchase a DIY will that was designed for your province. If you have questions\nwhile drafting up your own will, get the right answers. While the Internet can\nbe helpful, look for accurate, current <\/em>information\nappropriate for your province; otherwise, you\u2019ll find yourself down a \u2018research\nrabbit-hole\u2019 for days or weeks on end. <\/p>\n\n\n\n When to choose a\nlegal professional <\/strong><\/p>\n\n\n\n As experienced lawyers who specialize in wills and estates,\nwe\u2019ve seen a lot of families thrown into heartache and confusion over a will\nthey thought was valid, but wasn\u2019t. While drafting up your own will is preferable\nto having no will at all, it\u2019s advisable to retain professional, legal services\nthat will hold up in a court of law. Yes, it may cost a bit more, but what you\ngain from having a proper will completed can\u2019t be beat. You\u2019ll also receive\nsound, legal advice along the way without the stress and worry of going it\nalone. Be sure to connect with the Ares Law team in Parry Sound and make an\nappointment by calling 705-746-6444. We\u2019re the legal experts you want on your\nside when it comes to planning your last will and testament. <\/p>\n","protected":false},"excerpt":{"rendered":" Who doesn\u2019t love the thought of saving money? There are so many things we can DIY these days and drafting up a Last Will & Testament is one of them. If you or your loved ones are thinking about finally tackling that will once and…<\/p>\n","protected":false},"author":1,"featured_media":1436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[145,64,59,72,60],"class_list":["post-1435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-diy-wills","tag-estate-planning","tag-lawyer","tag-legal-wills","tag-wills"],"yoast_head":"\n