Tag: estate planning DIY

Legal DIY Sites Are No Match for a Professional

Websites like LegalZoom, Nolo, and Rocket Lawyer cost much less than going to a real lawyer. These websites can help you create your Will, Power of Attorney and other valuable legal documents. But are they really worth it?

Consumer Reports evaluated these three website services and came up with some interesting results. Using the online worksheets and downloads they created a Will, a car Bill of Sale for a seller, a Home Lease for a small landlord and a Promissory Note. After consulting three Law Professors from Texas Tech, Hofstra and Yale to review the process and resulting documents, here is what they found.

“Using any of the three services is generally better than drafting the documents yourself without legal training or not having them at all. But unless your needs are simple – say, you want to leave your entire estate to your spouse – none of the will-writing products is likely to entirely meet your needs. And in some cases, the other documents aren’t specific enough or contain language that could lead to an ‘unintended result’…

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