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The Write Stuff – Where There’s a Will, There’s a Right Way to Approach the Document

January 3, 2008

Despite a mountain of evidence pointing to the need for a will, and some due diligence in crafting one, individuals across several generations haven’t heeded that message. Estate-planning specialists say that while the basic tenets of will writing haven’t changed over the years, some societal changes — including a spiraling divorce rate and a preponderance of second marriages and second sets of children — as well as new financial planning products and legislative issues, make the drafting of a will anything but a do-it-yourself project.

Gina Barry calls them “$50 wills.” The dollar amount actually varies, she explained, but the basic point she’s making gets across — she hopes. That $50 is about what some legal general practitioners might charge to draft a simple will — although there’s really no such thing, said Barry, an estate-planning specialist with the Springfield-based firm Bacon & Wilson– and it’s actually more than people will often pay for a so-called will ‘kit’ or a form they can find and download off the Internet.

But people will inevitably get …

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by: George O’Brien

BusinessWest
December 10, 2007
 

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