Before you start to write a will, it's important to weigh the pros and cons and understand the basic legal requirements for this document.
Opting to write a will without a lawyer offers several benefits. The most apparent advantage of making a will without a lawyer is the substantial savings compared to hiring an attorney. Additionally, the availability of online tools and resources can simplify the process, negating the need for in-depth legal knowledge. Some key benefits include:
While it's true that with careful research and attention to detail, you can write a will without a lawyer, it's important to be aware of the potential downsides that come along with it. Here are a few cons to consider:
Despite legal complexities, it's viable to write a will without a lawyer by adhering to some fundamental requirements. These laws change over time and across regions, but some tenets remain constant.
For instance, there are typically restrictions around age; you need to be of legal age, typically 18 years or above, depending on the jurisdiction, to write a will.
Moreover, being in a sound mental state, also known as 'testamentary capacity,' is vital. This ensures that you understand your actions when you choose to write a will.
Another critical factor is having disinterested witnesses present when the will is signed. These witnesses cannot be beneficiaries under the will.
Last but certainly not least, your will document must contain a clear declaration stating it is indeed your last will and testament. This strengthens its legal standing, safeguarding your intentions even if you write a will without a lawyer.