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Why online wills are not a smart option

On Behalf of | May 19, 2023 | Estate Planning

Planning for the future is essential, and one crucial aspect is creating a will. Traditionally, wills were drafted with the help of attorneys, ensuring the document complies with all legal requirements and addresses specific state laws.

 However, the rise of online will services has attracted many individuals seeking a quick and inexpensive solution. In Michigan, relying solely on online wills is not wise

Specific legal requirements

Michigan has specific legal requirements for the validity of a will. These requirements include the need for witnesses during the signing process, as stated in the Michigan Estates and Protected Individuals Code (EPIC). Online will services do not adequately address these requirements, potentially rendering the will invalid.

Complex estate planning

Online wills are typically one-size-fits-all templates, which can be problematic for individuals with complex estates. Michigan residents with significant assets, business interests or blended families often require personalized estate planning strategies. These templates may not account for these unique circumstances, leading to unintended consequences or disputes after their passing.

Changing laws

Laws related to wills and estates can change over time. The document may be considered invalid if you use an online will service that does not adhere to the updated law. Online will services may not keep pace with these changes, potentially leaving your will outdated and vulnerable to legal challenges.

While online wills may seem convenient and cost-effective, they are no replacement for experienced legal guidance. Protecting your loved ones and assets by investing in a properly drafted will is an invaluable step toward securing your legacy. Knowing your rights and options and what to avoid will help ensure there are no issues with your will.