This is one of the most common questions we are asked; “how is it that if I go to a professional Will writer – a solicitor or lawyer, they will charge me 20 times your price?”. How do we make your service so affordable?
I think the most important factor is our sense of value for money. All too often we see lawyers writing online about a professional estate plan costing “as little as $1,200″. Even the most conservative estimates are in the range of “only $400-600″. To us, that seems like an outrageous amount of money. We’ve seen articles, written by lawyers saying “If you’re using a will kit because you’re too cheap to pay for legal advice”, which I think really demonstrates the disconnect between those paying for the service and those offering the service. It’s not a matter of being too cheap, it’s a matter of simply not being able to afford it.
This is why the Chief Justice of Canada, the Right Honourable Beverley McLachlin noted, while addressing a room full of law students;
“the justice system…has failed thousands of Canadians who don’t have a legal will, simply because they do not have the money to hire a lawyer to draft one or are so afraid that what it will cost will bankrupt them”
We think it’s a disgrace that nearly three quarters of adults in the UK, US and Canada do not have a legal Will. This number should not be 70%, it should be nearer to 5%. It doesn’t make sense that a relatively simple document should be the exclusively the purview of legal professionals. Occasionally, a complex estate plan does require legal advice that draws upon the years of training and experience of a legal professional, but the legal profession know that no legal knowledge is required in the drafting of the vast majority of Wills. But this won’t stop them from scaremongering and sharing examples of how it can all go wrong. Take this example;
Many people unfortunately believe they can create their own will based on a legal (service) they located on the Web. These individuals need to realize that their estate probably does not simply consist of a bank account and a home. Many estates today could easily include additional real property (real estate), jewelry, a baseball card collection, first edition Nancy Drew books…
What on earth is this saying? how does a Will written by a legal professional for $600 cover these items any more thoroughly that an online service. In fact, we would argue that if you are including these items in your Will you SHOULD use an online service – it allows you to update your Will free of charge every time a change is made to your inventory. Otherwise you’ll be returning to the lawyer each time you buy a new first edition Nancy Drew book – the cost of an update – $500.
Writing the Will yourself can also protect you against immoral thieves like this woman.
The former solicitor and District Court judge, Heather Perrin, received her second jail sentence for deceiving her clients. Having been found guilty in November of tricking her elderly friend, Thomas Davis, into bequeathing half of his €1m estate to her two adult children, she pleaded guilty to falsifying another client’s account, for her own gain
Our services at LegalWills.ca, USLegalWills.com and LegalWills.co.uk allow you to write your own Will, from home, and guides you through the process. You learn about the contents of your Will, and the things to consider. You can update it at any time, and it will cost you $34.95 in the US or Canada, or £24.95 in the UK.
If it was up to us, the government would offer our website as a public service to ensure that everybody had a Will in place. In the meantime, we cover our costs and hope that we can make the process accessible to as many people as we can.
Filed under: Beneficiaries, Contents of the Will, cost of a Will, do-it-yourself, Estate planning, last will and testament, Legal advice, Procrastination Tagged: | cost of a Will, Estate planning, Last Will and Testament, lawyers, legal advice, updating a Will, Write your own Legal Will