Problems with DIY Wills

General Real Estate Investing
1

Here are Forbes articles with some real life examples of issues with DIY wills or improperly drafted ones.

http://www.forbes.com/2010/09/07/do-it-yourself-will-mishaps-personal-finances-estate-lawyers-overcharge_print.html

http://www.forbes.com/2009/11/24/princess-di-heath-ledger-brando-personal-finance-investment-guide-2-09-celebrity-estate-mistakes.html

2

ran into a situation a while back where a guy died intestate, which in TX means that his wife gets half of their house, and his minor children by a prior marriage got the other half of their house.

so wife #2 owns 1/2 of the house and the hostile ex wife #1, who was the custodial parent of the minor children, was de facto co-owner of the other 50%.

Not good.