Top 10 Reasons Why It Is Not Wise To Write Your Own Will
by: News Canada
(NC)-Although some provinces accept a handwritten, self-made will (called a “Holograph” will), it is risky to do it yourself. The cost of having a will prepared professionally by a lawyer or notary is far less than people imagine.
Here are just some of the common mistakes which can be made when individuals handwrite their own wills:
Any wills written previously are not formally revoked.
There is often no alternate Executor named.
Frequently a family member or friend is given a bequest, but then there is no consideration for what happens to this gift if the person predeceases the author of the will.
Most people who write their own wills do not make sufficient provision for the person administering your Estate...