Danger of DIY Wills: Why You Must Avoid A Self-Preparation Kit in 2016

DIY Wills are becoming more common in Australia with more people attempting to make minor savings by making their own Will.

With access to templates online and more people using such documents to pass assets on, many have warned against the use of such Wills.

Danger of DIY Wills

DIY Wills can be useful for those who have exceptionally basic family circumstances. However, there are a number of issues that can arise in more complex arrangements. Due to the Wills being created with no legal advice or oversight, there is a higher chance that they could be subjected to a legal challenge (see my previous blog on how a DIY Will could cost you more).

Although the Wills are considered cheap, resulting in their increased popularity, use of such a document could prove more costly in the long run. Although there are savings with no initial cost for legal representation, the cost of defending a challenge to a Will or losing assets as a result of the document being drafted incorrectly can cost significantly more than the initial fee of creating a Will through a solicitor.

Another common issue with making a Will without the help of a solicitor is appointing a friend as an executor, as they may die before you. If your Will isn't changed after their death, their executor may become your executor.

Making a Will: Contact our team of Legal Experts

At Szabo & Associates, Solicitors we understand that planning for death is not the most uplifting thing you can do. However, it is important that your loved ones and those you leave behind are supported, and your assets are passed on as you intend. The best way to do this is to ensure that your Will is created and reviewed by a skilled solicitor. To speak to one of our expert solicitors about drafting a Will, contact us today using our online contact form or telephone Geroge Szabo on 9281 5088.