What are the dangers of preparing my own will?

In the realm of estate planning, crafting a will is a crucial step to ensure that your assets are distributed according to your wishes after you’re gone. While the idea of self-preparing a will may seem convenient, there are potential pitfalls that can have significant consequences for your legacy.

Preparing a will involves navigating a maze of legal intricacies, and the laws governing wills can vary. Lawyers possess the expertise to guide you through these complexities, ensuring that your will is in compliance with relevant laws.

Individual circumstances vary widely, and a generic template cannot capture the nuances of your situation. A skilled estate planning lawyer can tailor your will to address specific family dynamics, unique assets, or any other factors that might impact the distribution of your estate.

DIY wills often fall prey to ambiguities or unclear language that can lead to disputes among beneficiaries. They may be more susceptible to challenges and contestations. An experienced lawyer can help draft a clear and unambiguous will, minimising the risk of potential legal battles.

In the state of Victoria, wills require proper execution, including the presence of witnesses. The best way to ensure the validity of your will is to execute it in person with a lawyer, following all legal protocols to guarantee its validity.

Perhaps the most significant advantage of engaging a lawyer for will preparation is the peace of mind it brings. Knowing that your wishes are accurately documented, legally sound, and well-protected by a professional can provide a profound sense of assurance for you and your loved ones.

There are significant pitfalls of preparing a will without professional guidance. Engaging an estate planning lawyer helps ensure that your final wishes are not just documented but legally valid, providing a comprehensive and secure plan for the distribution of your assets.

Make your will

Clearwill is a Geelong wills and estate planning brand. Our experienced estate planning lawyers can help you prepare a will and estate plan that reflects your wishes.