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Lombard estate planning attorneysNearly everyone appreciates saving money on a good deal. However, when it comes to do-it-yourself estate planning, not every “good deal” is as good as it appears. Online estate planning services are more prevalent than ever, but many legal professionals worry that some of these websites are not being honest about how beneficial their services really are. Read on to learn about the pros and cons of DIY wills as well as how you can ensure that your estate planning documents will be legally binding.

DIY Wills Are Not Personalized to Your Unique Needs

One of the biggest differences between DIY or online estate planning services is that these programs are almost always one-size-fits-all solutions. Because these services have to work for a wide range of individuals, there is very little personalization to the plans. If you have complex assets, a blended family, a second marriage, or other unique circumstances, you are not likely to have these specific needs addressed by an impersonal website. Some of these online programs do offer personal advice from professionals, but this is often an additional service which costs quite a bit more.

It Can Be Hard to Know Which Estate Planning Documents You Need  

Most estate planning attorneys suggest that individuals have a will and/or trust, power of attorney for financial decisions, and an advance health care directive or living will. However, each individual has unique needs that may not be met by the most common estate planning documents. A licensed attorney can help you figure out which documents you need in order to meet you and your family’s needs. Furthermore, working with a professional means that he or she is considering the tax implications of your decisions and can help you choose the course of action which decreases financial loss to taxes as much as possible.

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