Should You Hire a Lawyer to Help With Your Will?
Having a will is extremely important – it helps to designate who will receive your property when you die, gives instructions about what to do with various aspects of your life such as your finances and public presence, and more. A good will is designed to make things as easy as possible for your friends and family in the event of your death by clarifying the answers to many potentially confusing questions.
Today, many people choose to create a will on their own. There are many tools that allow you to create a will just by going online and filling out some forms. However, just because you can create a will on your own does not mean that you should. In many cases, it is best to hire a lawyer to help you with the process. Many lawyers specialize in wills and trusts, which means that they will be able to help you put together your will much faster than you would on your own, and then can help you make sure that every detail of your life is managed just the way you want it.
A big reason that many people choose to have a lawyer help with their will is because the law firm can also serve as an executor. Although many people choose to have their friends and family serve as their executor, sometimes it can be a better option to have an impartial third party fulfill this role, particularly if there are things in your will that could cause major conflict between some of your beneficiaries, or between your executor and the beneficiaries. Although law firms will charge a fee for this, it may be worth it to help keep the peace and reduce the level of stress that your family incurs during this difficult time.
If the assets that you will be leaving in your will are highly valuable or complicated, this may also be a good reason for you to work with a lawyer to put together your will. It can be difficult to figure out things like transferring the ownership of a company or stocks to another person, and it can help to have someone to verify the legality of this. You should also always see a lawyer if you believe that your will might be contested upon your death, which often happens when you are leaving large sums of money or other highly valuable items to your beneficiaries.
Additionally, you should definitely consult a lawyer to make your will if you believe that you are not mentally capable of creating a valid will. This is a common problem that many people encounter when they need to make a will at the end of their life, when they are already suffering from an illness that incapacitates them. A trained lawyer will be able to help you ensure that your wishes are clearly communicated through your will. You should also consult a lawyer for help with your will if you believe that creating the will is going to cause you a large or unmanageable amount of stress. They can help make the process much easier for you.
Finally, you should always consult a lawyer if you are planning to put conditions in your will. For example, many people will only want to leave money to their children if they use it for a certain purpose, such as college expenses. There are some legal ramifications surrounding these types of wills, so you should always be sure to consult a professional to ensure that everything is handled appropriately.