Disadvantages of Will Kits
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Do it yourself Last Will and Testament kits have become very common in the last few years. These Will kits should be used with caution. Many people would never dream of “do it yourself” surgery. Unfortunately, many people would not think twice about using a “do it yourself” Will kit. The potential problems with “do it yourself” Will kits are several.
Generic One Size Fits All Forms
Last Will and Testament kits do not give personalized estate planning advice like a Wills Lawyer can provide. Many Last Will and Testament kits are simple “one size fits all” forms that are not customized to your own personal estate planning situation or to the laws of Ontario. A Last Will & Testament kit only provides generic information and is therefore unlikely to identify or address all your specific needs.
Problems Signing the Last Will and Testament
Many Wills that are created using a Do It Yourself Will Kit and not supervised by a lawyer, are not signed properly. In Ontario, the failure to Duly Execute a last will and testament renders it void.
“As Is” No Guarantees
Another common problem is that many Last Will and Testament kits provide the kits “as is” with a limitation of the provider’s liability for any loss or damage arising out of information provided in the Last Will and Testament kit, even where the user misunderstands or misinterprets the instructions in the kit.
he most common disadvantage is that a Last Will and Testament kit cannot give the user the same peace of mind that a Last Will and Testament drafted by a Wills lawyer can. Few forms come with enough explanations to assure the user that they are using the form properly. If you do not use the form in the right way, or execute the Last Will and Testament properly, no alarm bell will ring and you will not know. Only once you have passed on will these problems become known. Questions as to whether or not you meant what you were signing can open the door to bitter family disputes and costly litigation.
Advantages To Having a Lawyer Draft Your Will
A lawyer drafted Last Will and Testament has several distinct advantages over do it yourself Will kits.
Toronto Wills Lawyers are Licensed
Our Toronto Wills Lawyers are licensed and qualified legal professionals.
Professional Legal Advice
A Toronto Wills lawyer is able to use precise legal language that ensures your wishes are accurately expressed in your Last Will and Testament.
Unlike a Will kit, Wills lawyers carry malpractice insurance. If a Toronto Wills lawyer negligently prepares a Last Will and Testament then damages may be recoverable from the Will lawyer’s insurer.
Customized to Your Legal Needs
Having a Toronto Wills lawyer draft your Last Will and Testament will also ensure a personalized approach to your estate planning. A lawyer drafted Last Will and Testament is customized to your unique situation and legal needs. The Last Will and Testament is also customized to comply with the laws of Ontario.
Tax Planning
A Toronto Wills lawyer can also advise you with respect to the financial and tax implications of your Last Will and Testament and your estate planning decisions.
Peace of Mind
However, the biggest advantage of using a lawyer to draft your Last Will and Testament is the peace of mind that you get knowing that a qualified, licenced, and insured professional is looking after your interests.
Toronto Last Will and Testament Lawyer
Are your loved ones protected? Professional Will Reviews. Reasonable Prices. Fast and Friendly Service. Request a Consultation with a Toronto Wills Lawyer