There are many estate planning software available today for those who want to personally prepare their estate plan. The use of these legal software in preparing a will has its own benefits and disadvantages. If you don’t want to hire an attorney to complete your estate plan then you should consider the benefits and cost of using a legal software.
When using a legal software you may benefit from having a low startup cost. This is because you will only need a computer, a printer and time to do it. This is substantially less than what you have to pay if you hire an attorney to do the estate planning for you.
You get to save a lot of time by using an estate planning software. You will spend a lot of time discussing your estate plans with an estate planning attorney. If you use software, you simply work on your own computer and if you are fast with computers, then your estate plan will be completed quickly.
Dealing with the consequences of your estate plan is no longer in your hands. This is a strange benefit, if it is a benefit at all. The one thing that estate owners care about is that they leave something for their heirs and whatever happens after that is no longer their concern. So if you estate plan is unacceptable to your heirs, then it is their problem. The thing though is that even with the help of an estate planning attorney, the consequences will still have to be dealt with by the heirs except that they have a lawyer to turn to for assistance. Heirs will have a problem if they don’t have a lawyer to help settle conflicts when it comes to the will of the deceased. So, although it is an advantage for you, it is not really for your heirs.
Some people have a difficult time working with an attorney because they are private people or simply shy. Your get your privacy if you use estate planning software. If the attorney is a complete stranger, it can be quite uncomfortable to reveal everything about your estate to him. Revealing everything about your estate is something very personal to a lot of people and detest revealing this information to someone they do not know. This is a good reason to use estate planning software for your estate plan.
You get to control things when you do your own estate planning. You will no longer be fully under control if there is an estate planning attorney giving you advice.
Not all benefits of using an estate planning software are mentioned here. But before using an estate planning software, consider carefully the other option of doing it with a competent attorney, and weigh the pros and cons so that everything will be done correctly.