{"id":422,"date":"2017-11-07T18:46:46","date_gmt":"2017-11-07T18:46:46","guid":{"rendered":"https:\/\/dgvelaw.wordpress.com\/?p=422"},"modified":"2018-05-30T21:56:52","modified_gmt":"2018-05-30T21:56:52","slug":"should-i-write-my-own-will","status":"publish","type":"post","link":"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/","title":{"rendered":"Should I write my own Will?"},"content":{"rendered":"<p>The more cynical amongst us would say, by all means, please do your own estate plan! That is my retirement plan with guaranteed future work to untangle the inadvertent messes.<img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-424 aligncenter\" src=\"https:\/\/dgvelaw.com\/wp-content\/uploads\/2017\/11\/diy-will-ticking-time-bomb.png\" alt=\"DIY Will - Ticking Time Bomb\" width=\"386\" height=\"505\" srcset=\"https:\/\/dgvelaw.com\/wp-content\/uploads\/2017\/11\/diy-will-ticking-time-bomb.png 386w, https:\/\/dgvelaw.com\/wp-content\/uploads\/2017\/11\/diy-will-ticking-time-bomb-229x300.png 229w\" sizes=\"(max-width: 386px) 100vw, 386px\" \/>I&#8217;m still holding onto hope that people will listen to us when we caution you that:<\/p>\n<ul>\n<li>there is more to estate planning than &#8220;verbiage&#8221;<\/li>\n<li>it requires more than a lawyer&#8217;s eyeballs to review it:\n<ul>\n<li>she has to actually use her brain to spot all the issues involved, recall all the laws that apply, analyze the best possible solutions for your unique situation, and then<\/li>\n<li>she has to use her mouth to explain that all to you in plain English until you understand and can make well-informed choices about how to proceed with your own plan.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Meanwhile, here&#8217;s another cautionary tale from my friend and colleague, <a href=\"https:\/\/texaswillsandtrustslaw.com\/\" target=\"_blank\" rel=\"noopener\">Texas Wills, Trusts, &amp; Estates lawyer Rania Combs<\/a>:<\/p>\n<h1><a href=\"http:\/\/mailchi.mp\/4d29a829ba7e\/the-nightmare-of-diy-planning?e=cecef126aa\" target=\"_blank\" rel=\"noopener\">The Nightmare of DIY Planning<\/a><\/h1>\n<p>A couple of weeks ago, I received a phone call from a woman whose ex-boyfriend had died, naming her as the sole beneficiary and executor of his multimillion dollar estate.<\/p>\n<p>Despite her ex-boyfriend\u2019s substantial wealth, he had forgone the advice of a lawyer and prepared a Will using DIY software. He told her verbally that he wanted her to use the funds for the benefit of his minor children, but his Will was completely silent on that point.<\/p>\n<p>The ex-boyfriend\u2019s goal was apparently to use his substantial wealth to provide for his children. If he had consulted an attorney, the attorney would have advised him to create a testamentary trust for their benefit. Creating a trust would have allowed him to appoint someone to manage those assets for his children, and to dictate how and when the assets should be distributed to them. This would have ensured the assets passed to his children as he wished.<\/p>\n<p>He took a substantial risk when he named his ex-girlfriend the sole beneficiary of his estate:<\/p>\n<ol>\n<li>Naming her as the sole beneficiary gives her legal ownership of those assets. She is not legally bound to provide anything to his children.<\/li>\n<li>Even if she does honor her commitment, life sometimes gets in the way. Because those assets legally belong to her, they can be exposed to her personal liabilities. For example, suppose she gets in a terrible accident and seriously injures someone else. The assets earmarked for the children could be exposed to a judgment for those claims.<\/li>\n<li>What happens she dies before the children? Since she has legal ownership of those assets, they will be part of her estate and will pass to her heirs or beneficiaries, who may not have made a commitment to care for the children.<\/li>\n<\/ol>\n<p>As a result of his choice, his children\u2019s financial future is in the hands of their father\u2019s ex-girlfriend who has no biological or emotional ties to them.<\/p>\n<p>What a nightmare!<\/p>\n<p>Attorneys don\u2019t simply fill in forms. We use our years of schooling and experience to analyze your unique circumstances, explain the ramifications of your choices, advise you on the best way to accomplish your goals and objectives, and tailor your documents to address your unique estate planning needs. Document preparation services and canned forms do not.<\/p>\n<p><strong>{What she said ^}<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The more cynical amongst us would say, by all means, please do your own estate plan! That is my retirement plan with guaranteed future work to untangle the inadvertent messes.I&#8217;m still holding onto hope that people will listen to us when we caution you that: there is more to estate planning than &#8220;verbiage&#8221; it requires [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should I write my own Will? - DGVE law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I write my own Will? - DGVE law\" \/>\n<meta property=\"og:description\" content=\"The more cynical amongst us would say, by all means, please do your own estate plan! That is my retirement plan with guaranteed future work to untangle the inadvertent messes.I&#8217;m still holding onto hope that people will listen to us when we caution you that: there is more to estate planning than &#8220;verbiage&#8221; it requires [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/\" \/>\n<meta property=\"og:site_name\" content=\"DGVE law\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DGVElawLLC\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-07T18:46:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-30T21:56:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dgvelaw.com\/wp-content\/uploads\/2017\/11\/diy-will-ticking-time-bomb.png\" \/>\n<meta name=\"author\" content=\"Ahrens Tech\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@dgvelaw\" \/>\n<meta name=\"twitter:site\" content=\"@dgvelaw\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ahrens Tech\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/\"},\"author\":{\"name\":\"Ahrens Tech\",\"@id\":\"https:\/\/dgvelaw.com\/#\/schema\/person\/f5ede26017d5dcac9e9ad94e8f624f8f\"},\"headline\":\"Should I write my own Will?\",\"datePublished\":\"2017-11-07T18:46:46+00:00\",\"dateModified\":\"2018-05-30T21:56:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/\"},\"wordCount\":546,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/dgvelaw.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dgvelaw.com\/wp-content\/uploads\/2017\/11\/diy-will-ticking-time-bomb.png\",\"articleSection\":[\"Estate Planning\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/\",\"url\":\"https:\/\/dgvelaw.com\/should-i-write-my-own-will\/\",\"name\":\"Should I write my own Will? 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