The coronavirus (COVID-19) pandemic has made many realize they are putting their loved ones in jeopardy by not having a will. Many Americans are calling their estate planning attorney to get a will in place, or to update a will. Others are looking at a DIY online will as a quick and easy way to make a will – and save a little money.
As estate planning attorneys, we want you to have a will in place to protect your loved ones and give yourself peace of mind. A DIY online will is better than no will – but if you decide to go that route, be aware that an online will could end up costing you time and money – and get you exactly what you don’t want.
When you hire an attorney, the attorney is bound by laws that cover attorney-client privilege, ethics and work product.
On the other hand, online will companies do not have the same obligations:
In summary, when you use a DIY online will:
1. There is no attorney-client privilege
2. It is not a law firm
3. They do not protect your legal rights in the same capacity as an attorney
A will doesn’t have to be expensive or complicated. And if you’re young, unmarried and have minimal assets, a basic will might give you peace of mind. But as you have more dependents, responsibilities and assets, creating a will with the advice of an experienced estate planning attorney will give both you and your family confidence and peace of mind.
Estate planning is preparing for the future. Contacting Estate & Probate Legal Group in Lombard Illinois today at 630-800-0112.