There is no law that says you need to get a lawyer to create your will.
However there are several good reasons to get it done by a Lawyer.
1.
Sanity factor: The very fact that you chose a Lawyer and met with him in private will go a long way to establish that your state of mind was stable, if your will gets challenged at a later date.
If you believe that somebody will challenge your will at a later date on grounds of sanity, share this with your Lawyer, who can take adequate steps to safeguard your interests.
2.
Good advice and contacts: Usually a Lawyer can provide you complete advice in estate planning.
Were you to do it yourself, you will have to spend a lot of time familiarising yourself with all the intricacies.
There are several changes in the Law.
A good Lawyer also has good contacts with Trust companies, Brokerage houses and other Professionals.
The Elderly care market is a growing market with several options.
3.
Long term thinking: A good Lawyer can think ahead and ask several "what if" questions.
What happens when the beneficiaries are no longer alive when the distribution takes place and so on.
4.
Malpractice Insurance: All Lawyers have malpractice insurance.
In case of errors, omissions etc by a Lawyer who creates a will, there could be grounds for Insurance coverage for your losses.
If you create a will from a Do-it-yourself template, you have no such insurance.
5.
Costs: Usually Lawyers create a will at reasonable costs.
They have opportunities for referrals and other work for you.
6.
Standard Clauses: The standard clauses that are in a will created by a Lawyer have been developed through several years and a number of wills, various kinds of situations etc.
So, the possibility of missing out on something important is relatively low, in comparison to a Do-it-yourself will.
7.
Relief: Having a will created by a Lawyer gives a person a sense of comfort that his/her wishes will get executed.
Don't have to worry about storing the will, getting in touch with the appropriate people and get all the actions done when you no longer can do it for yourself.
8.
Complexity in Living wills: This area is complex and ever changing.
A good Lawyer will be in a position to provide the right advice.
However there are several good reasons to get it done by a Lawyer.
1.
Sanity factor: The very fact that you chose a Lawyer and met with him in private will go a long way to establish that your state of mind was stable, if your will gets challenged at a later date.
If you believe that somebody will challenge your will at a later date on grounds of sanity, share this with your Lawyer, who can take adequate steps to safeguard your interests.
2.
Good advice and contacts: Usually a Lawyer can provide you complete advice in estate planning.
Were you to do it yourself, you will have to spend a lot of time familiarising yourself with all the intricacies.
There are several changes in the Law.
A good Lawyer also has good contacts with Trust companies, Brokerage houses and other Professionals.
The Elderly care market is a growing market with several options.
3.
Long term thinking: A good Lawyer can think ahead and ask several "what if" questions.
What happens when the beneficiaries are no longer alive when the distribution takes place and so on.
4.
Malpractice Insurance: All Lawyers have malpractice insurance.
In case of errors, omissions etc by a Lawyer who creates a will, there could be grounds for Insurance coverage for your losses.
If you create a will from a Do-it-yourself template, you have no such insurance.
5.
Costs: Usually Lawyers create a will at reasonable costs.
They have opportunities for referrals and other work for you.
6.
Standard Clauses: The standard clauses that are in a will created by a Lawyer have been developed through several years and a number of wills, various kinds of situations etc.
So, the possibility of missing out on something important is relatively low, in comparison to a Do-it-yourself will.
7.
Relief: Having a will created by a Lawyer gives a person a sense of comfort that his/her wishes will get executed.
Don't have to worry about storing the will, getting in touch with the appropriate people and get all the actions done when you no longer can do it for yourself.
8.
Complexity in Living wills: This area is complex and ever changing.
A good Lawyer will be in a position to provide the right advice.