"There is nothing more difficult to take in hand, more perilous to conduct, or more uncertain in its success, than to take the lead in the introduction of a new order of things."

~ Niccolo Machiavelli, historian and writer

Sunday, October 26, 2008

Saving Now and Paying Later ~ Generic Will Kits

Surfing around the blogosphere this evening (when I really should be doing so many other things), I came across this piece at Sui Generis -- a New York Blog concerning online wills. Which - although as the name states is a New York legal blog - raises a very valid point.

I have been concerned for quite a while over the rising profusion of mail-order will kits. As pointed by Elizabeth Randisi at Sui Generis, although such Wills would most likely be adequate for some, a generic online (or mail order) document might completely "miss the mark" on a person’s estate plan. And equally generic "disclaimers" advising when one might require the services of a lawyer can often miss the mark as well.

We've already discussed the need for some very precise wording when it comes to protecting your beneficiary's government benefits when using a Henson Trust. As well as how important it is to ensure you find a lawyer who actually knows how to draft such a document properly.

So just in case you think these circumstances are likely to mix well with a mail order or online generic will kit, you might want to think again.

Just a word to the wise. And the cautious.

No comments: