A growing number of websites now allow people to plug in information about themselves and write their own will. But doing so can be very dangerous and can lead to big problems, according to an independent review by Consumer Reports.
The magazine analyzed three such sites – LegalZoom, Rocket Lawyer, and Quicken WillMaker Plus – and ran the results by a law professor who specializes in tax and estate law. All three websites had a variety of problems, according to the study.
The problems included:
Outdated information. Two sites applied federal tax rules that were already months out-of-date.
Not state-specific. The law of wills varies from state to state, but the programs didn’t take into account variations in state law. [Read more…]