In our last blog, we talked about planning your will and making sure your affairs are in order in the event that tragedy should befall you. You want to ensure that your property is divided up in a way that you see fit and that your immediate family gets everything that they are entitled to.
There are numerous sites that offer to help you write your will for a small, nominal fee. You can even get the forms online and write your will at no cost. However, on the other end of the spectrum, you have every right to hire a lawyer to help you write and be the executor of your will. So in what cases should you take the leap and hire a lawyer to help you set your affairs in order and have a proper will written?
You have a large estate. If you have a house, a car and a few bank accounts, you may not need a lawyer in order to create your will. Dividing these assets up are fairly simple and straightforward. However, if you have several pieces of property and heirloom pieces that you want to ensure are given to certain family members, then it’s a good idea to hire a lawyer to help write your will.
Your finances are spread out in numerous investments. Investments are always tricky to divide up when someone passes away, so retaining the services of a lawyer to help make certain the trust funds are maintained or stock investments are spread out equally among family members makes sense.
You want a non-family member to handle your estate. There’s nothing that says a member of your family must be the executor of your estate. In fact, in some cases, it’s a good idea to keep family out of the logistical end of the will after the death of their loved one. A lawyer will handle the process in a speedy, yet respectful way, whereas members of the family may find it difficult to grieve and handle an estate at the same time.
You would like to ensure that you have a comprehensive will. The wills you find online are sufficient enough, but they are nowhere near comprehensive. A lawyer can help you make sure that your family members get all the proper tax breaks and make sure that no corners are cut so you have an iron clad will when all is said and done.
Ultimately, the choice of hiring a lawyer is up to you and there is no law stating you must retain a lawyer for your will. But, when you have something more than a simple cut and dry case, it’s always a good idea to hire some outside help.