Online wills are everywhere. So are horror stories about families left in legal limbo because something was missed. So, how do you know if you’re okay to do it yourself… or if you should really talk to an attorney?
Take this quick quiz and find out.
1. What best describes your family situation?
A. I’m single or married with no kids or ex-spouses.
B. I have kids, but it’s a first marriage, and things are pretty straightforward.
C. Blended family, ex-spouses, or complicated relationships.
2. What’s your net worth (roughly)?
A. Under $250,000
B. Between $250,000 and $1 million
C. Over $1 million or includes a business
3. How many types of assets do you own?
A. Just a checking account and maybe a car or a basic retirement account
B. Home, retirement accounts, maybe life insurance
C. Business interests, trusts, multiple properties, or valuable collectibles
4. Do you expect any family drama when your estate is settled?
A. Nope, everyone gets along
B. Maybe a few tension points, but nothing major
C. Absolutely - there could be serious conflict
5. Do you need to name guardians or trustees?
A. No dependents or minors involved
B. Yes, I need to name a guardian for one child or dependent
C. Yes, and it’s complicated (multiple children, stepchildren, or special needs)
6. How comfortable are you navigating legal documents?
A. Very comfortable - I’ve done similar paperwork before
B. Somewhat comfortable, but I’d feel better with a second opinion
C. Not comfortable at all, I have no idea what’s required in my state
Results: What Your Answers Say
Mostly A’s – You Might Be OK with DIY
You likely have a simple financial situation and few legal risks. An online will or state-provided forms may be enough for your needs. Just make sure to:
- Use tools specific to your state
- Keep documents updated
- Store everything where someone can find it
Tip: Even if you DIY, consider having a financial advisor double-check your beneficiary designations and account titles.
Mostly B’s – It’s Time to Talk to Someone
Your situation has just enough complexity that a one-size-fits-all solution may not cut it. A consultation with an estate planning attorney or financial planner could save you money and stress down the road.
Tip: Many attorneys offer a free or low-cost initial meeting to understand your risks and options.
Mostly C’s – Call an Estate Planning Attorney Now
Your estate plan is far too important to leave to chance. Blended families, businesses, multiple properties, or possible family conflict all point to the need for professional guidance. A good estate plan now could prevent lawsuits, extra taxes, or family heartbreak later.
Tip: The cost of getting it right is almost always less than the cost of fixing it later.
Having a current estate plan is a big piece of the financial planning puzzle – and we’re here to help. We have amazing referral partners who can help you create the right protection for yourself and your family. All you have to do is CLICK HERE and take the first step!