Why a DIY Will just doesn’t cut it…
Using a DIY Will or online Will Builder might seem tempting due to the price, but there are several important reasons why they often fall short. One significant drawback is the lack of tailored legal advice. Estate planning is a complex area, and most people aren't legal experts.
Without proper guidance, you may make mistakes that can have serious consequences. For example, superannuation doesn't automatically become part of your estate, meaning you can't freely gift it in your Will. This can lead to unintended beneficiaries or assets ending up with the wrong people.
Also, asset ownership can be confusing, especially if you have a business in a family trust. It's crucial to have someone who understands the ins and outs of these arrangements to ensure your assets go to the right folks. Just think about it… estate planning involves your life's accumulated wealth, so it's not an area where you want to cut corners.
Consulting with a legal expert like Alison Norton at Norton Legal is essential to create a well-crafted and effective estate plan tailored to your specific needs.
It would be my pleasure to help you with this significant task, book a free chat with me today to discuss further.