Why DIY Wills May Cost Your Family More in the Long Run

Creating a will is one of the most important steps you can take to ensure your wishes are honored and your loved ones are protected after your passing. With countless online tools and DIY options available, it may be tempting to save money by drafting your own will or relying on a non-attorney professional, such as a financial planner. However, these choices can lead to costly mistakes that may burden your family with unnecessary expenses, delays, and legal battles.

At Legacy Legal & Business Services PLC,  we understand the complexities of estate planning and are here to help you avoid the pitfalls of DIY wills or improperly drafted estate plans.

The Hidden Costs of DIY Wills

1. Legal Errors Can Lead to Probate Issues
   DIY wills often fail to comply with Michigan’s specific estate planning laws. A minor mistake, such as incorrect witnessing or ambiguous language, can render your will invalid, forcing your family into lengthy probate court proceedings. This can delay the distribution of assets and increase legal fees.

Learn more about the Michigan Probate Process and how proper estate planning can help avoid complications at our website on our Estate Planning Page.

2. Failure to Address Unique Circumstances
   Online templates and DIY tools are designed for general use, not tailored to individual needs. If you have blended families, significant assets, or special needs beneficiaries, a DIY will likely fall short in addressing these complexities, leaving your loved ones vulnerable to disputes.
3. Tax Implications May Be Overlooked
   Estate planning involves more than just drafting a will—it also requires considering tax implications. DIY wills often fail to address strategies for minimizing estate or inheritance taxes, which could result in a larger tax burden on your heirs.

The Risks of Using Non-Attorney Professionals for Estate Planning

While financial planners, insurance agents, or other non-attorney professionals may offer estate planning services, they lack the legal training necessary to draft comprehensive and enforceable documents. Here’s why you should avoid this approach:

1. Limited Legal Knowledge
   Non-attorneys are not licensed to practice law, meaning they cannot provide legal advice or ensure that your estate plan complies with Michigan law. If errors occur, your family may face additional legal expenses to correct or clarify your intentions.
2. Conflicts of Interest
   Some financial planners or insurance agents may prioritize selling financial products over creating a well-rounded estate plan. This could lead to incomplete or biased planning that doesn’t align with your true goals.
3. Inadequate Planning for Contingencies
   An estate plan isn’t just about what happens if you pass away—it should also address contingencies like incapacity. Non-attorney professionals often overlook critical documents like durable powers of attorney or advanced healthcare directives, leaving your family unprepared during emergencies.

Why Work with an Experienced Estate Planning Attorney

1. Customized Solutions for Your Needs
   Every family is unique, and so are their estate planning needs. At Legacy Legal & Business Services PLC, we create tailored solutions to address your specific circumstances, whether you’re planning for minor children, charitable giving, or complex asset division.
2. Ensuring Legal Compliance
   Our Attorney has in-depth knowledge of Michigan estate planning laws. We ensure that your will, trusts, and other documents are properly drafted and legally binding to protect your legacy.
3. Comprehensive Planning
   A proper estate plan goes beyond just a will. Our services include drafting trusts, powers of attorney, healthcare directives, and other critical documents to provide a complete solution for your needs.
4. Preventing Family Disputes
   Ambiguous or improperly drafted estate plans can lead to costly disputes among family members. By working with an attorney, you can ensure your intentions are clear, reducing the risk of conflict.

The Cost of Peace of Mind

While DIY wills or estate plans drafted by non-attorney professionals may seem like a cost-effective solution upfront, the potential consequences can far outweigh the initial savings. Investing in a professionally prepared estate plan is an investment in your family’s future, ensuring that your wishes are honored and your loved ones are cared for.

Take the Next Step

Don’t leave your family’s future to chance. Call us at (616)681-0100 or contact us at Legacy Legal & Business Service PLC to schedule a consultation with our experienced estate planning attorney.   We’ll help you create a comprehensive, legally sound plan that provides peace of mind for you and your loved ones.

For more insights into estate planning, visit our Estate Planning Services page or our Blog to learn how we can assist you.